Vodafone Group Public (NASDAQ:VOD) Stock Rating Lowered by StockNews.com

Vodafone Group Public (NASDAQ:VOD) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Other research analysts have also recently issued reports about the stock. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday. DZ Bank raised 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 Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Down 4.5 %

Shares of VOD traded down $0.44 during trading hours on Monday, hitting $9.29. The company had a trading volume of 20,795,020 shares, compared to its average volume of 6,414,022. The stock has a market capitalization of $21.99 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 0.66 and a beta of 0.75. The firm has a fifty day moving average price of $8.77 and a 200-day moving average price of $9.05. Vodafone Group Public has a 52-week low of $8.00 and a 52-week high of $10.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in VOD. D. E. Shaw & Co. Inc. grew its position in Vodafone Group Public by 341.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,146,322 shares of the cell phone carrier’s stock worth $35,202,000 after purchasing an additional 3,206,506 shares during the period. ABC Arbitrage SA bought a new stake in shares of Vodafone Group Public in the fourth quarter worth $22,646,000. Voloridge Investment Management LLC purchased a new stake in Vodafone Group Public during the fourth quarter valued at $21,969,000. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Vodafone Group Public by 18.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock worth $123,940,000 after purchasing an additional 2,238,935 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Vodafone Group Public by 177.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,356,455 shares of the cell phone carrier’s stock valued at $33,632,000 after purchasing an additional 2,145,085 shares during the period. 7.84% of the stock is owned by hedge funds and other institutional investors.

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.