Vodafone Group (NASDAQ:VOD) Upgraded to Buy at BidaskClub

Vodafone Group (NASDAQ:VOD) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday, BidAskClub reports.

Several other equities analysts also recently commented on VOD. BNP Paribas upgraded Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 11th. Exane BNP Paribas upgraded Vodafone Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 11th. Morgan Stanley initiated coverage on Vodafone Group in a research report on Wednesday, August 7th. They issued an “overweight” rating on the stock. Zacks Investment Research downgraded Vodafone Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Finally, Bank of America restated a “buy” rating on shares of Vodafone Group in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Vodafone Group currently has a consensus rating of “Buy” and a consensus target price of $19.12.

Shares of Vodafone Group stock opened at $20.22 on Thursday. The stock’s 50-day simple moving average is $19.36 and its 200-day simple moving average is $17.80. Vodafone Group has a 52 week low of $15.53 and a 52 week high of $21.73. The company has a market capitalization of $54.04 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.25 and a beta of 0.80. The company has a quick ratio of 1.52, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.

Several large investors have recently bought and sold shares of VOD. Coastal Capital Group Inc. purchased a new stake in shares of Vodafone Group in the second quarter worth about $25,000. Motco lifted its position in shares of Vodafone Group by 76.9% in the second quarter. Motco now owns 1,682 shares of the cell phone carrier’s stock worth $27,000 after buying an additional 731 shares in the last quarter. Asset Dedication LLC lifted its position in shares of Vodafone Group by 72.3% in the second quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock worth $31,000 after buying an additional 807 shares in the last quarter. Lenox Wealth Advisors LLC purchased a new stake in shares of Vodafone Group in the third quarter worth about $33,000. Finally, Rational Advisors LLC lifted its position in shares of Vodafone Group by 4,686.7% in the second quarter. Rational Advisors LLC now owns 2,154 shares of the cell phone carrier’s stock worth $35,000 after buying an additional 2,109 shares in the last quarter. Institutional investors own 7.95% of the company’s stock.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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