UBS Group Lowers Vodafone Group Public (NASDAQ:VOD) to Neutral

Vodafone Group Public (NASDAQ:VOD) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Briefing.com reports.

A number of other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Vodafone Group Public in a research report on Thursday, June 20th. They set a “buy” rating for the company. StockNews.com raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Finally, New Street Research upgraded Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.45.

Vodafone Group Public Stock Performance

Shares of VOD traded down $0.49 during mid-day trading on Monday, hitting $8.81. The stock had a trading volume of 7,204,076 shares, compared to its average volume of 6,755,349. The company’s fifty day simple moving average is $9.13 and its two-hundred day simple moving average is $8.86. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29. Vodafone Group Public has a fifty-two week low of $8.02 and a fifty-two week high of $10.19.

Hedge Funds Weigh In On Vodafone Group Public

A number of hedge funds have recently modified their holdings of the stock. Vicus Capital increased its position in Vodafone Group Public by 10.0% during the second quarter. Vicus Capital now owns 12,629 shares of the cell phone carrier’s stock worth $112,000 after buying an additional 1,144 shares during the last quarter. Cohen Investment Advisors LLC lifted its holdings in shares of Vodafone Group Public by 4.4% during the 2nd quarter. Cohen Investment Advisors LLC now owns 27,092 shares of the cell phone carrier’s stock worth $257,000 after acquiring an additional 1,148 shares during the period. Cerity Partners LLC boosted its holdings in Vodafone Group Public by 4.2% during the fourth quarter. Cerity Partners LLC now owns 30,215 shares of the cell phone carrier’s stock valued at $263,000 after purchasing an additional 1,229 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Vodafone Group Public by 10.6% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 13,356 shares of the cell phone carrier’s stock worth $116,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Vodafone Group Public by 14.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 10,723 shares of the cell phone carrier’s stock valued at $95,000 after buying an additional 1,352 shares in the last quarter. 7.84% of the stock is owned by institutional investors and hedge funds.

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.