Vodafone Group Public (NASDAQ:VOD) Shares Gap Down – Here’s What Happened

Vodafone Group Public Limited (NASDAQ:VOD)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $9.73, but opened at $9.45. Vodafone Group Public shares last traded at $9.36, with a volume of 2,396,162 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VOD. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. DZ Bank upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, The Goldman Sachs Group lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Vodafone Group Public currently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Down 4.4 %

The stock’s 50-day moving average is $8.75 and its 200-day moving average is $9.06. The stock has a market cap of $22.02 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Vodafone Group Public

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new position in Vodafone Group Public in the 4th quarter valued at about $970,000. Wealth Enhancement Advisory Services LLC grew its position in Vodafone Group Public by 97.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 75,677 shares of the cell phone carrier’s stock valued at $643,000 after buying an additional 37,282 shares in the last quarter. Brucke Financial Inc. bought a new position in Vodafone Group Public in the 4th quarter valued at about $114,000. B. Riley Wealth Advisors Inc. grew its position in Vodafone Group Public by 7.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 30,862 shares of the cell phone carrier’s stock valued at $269,000 after buying an additional 2,076 shares in the last quarter. Finally, WNY Asset Management LLC lifted its holdings in Vodafone Group Public by 0.7% in the 4th quarter. WNY Asset Management LLC now owns 350,112 shares of the cell phone carrier’s stock valued at $2,972,000 after acquiring an additional 2,505 shares during the last quarter. Institutional investors own 7.84% of the company’s stock.

About Vodafone Group Public

Vodafone Group Public Limited Company provides telecommunication services in Europe and internationally. It offers mobile connectivity services comprising end-to-end services for mobile voice and data, messaging, device management, BYOx, and telecoms management, as well as professional and consulting services; and fixed line connectivity, such as fixed voice and data, broadband, software-defined networks, managed WAN, LAN, ethernet, and satellite; and financial services, as well as business and merchant services.