Vodafone Group Public (NASDAQ:VOD) Stock Rating Lowered by Bank of America

Vodafone Group Public (NASDAQ:VOD) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a report issued on Monday, MarketBeat reports.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Finally, DZ Bank upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $9.73 on Monday. The firm has a market cap of $23.03 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.66 and a beta of 0.75. Vodafone Group Public has a 1 year low of $8.00 and a 1 year high of $10.39. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $8.75 and a 200 day simple moving average of $9.06.

Institutional Investors Weigh In On Vodafone Group Public

Several institutional investors and hedge funds have recently added to or reduced their stakes in VOD. Smartleaf Asset Management LLC raised its position in shares of Vodafone Group Public by 63.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock valued at $41,000 after purchasing an additional 1,899 shares during the period. GeoWealth Management LLC lifted its position in Vodafone Group Public by 258.0% during the 4th quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock worth $44,000 after acquiring an additional 3,733 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in Vodafone Group Public by 509.7% during the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock valued at $58,000 after acquiring an additional 5,709 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Vodafone Group Public by 912.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock valued at $61,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Vodafone Group Public by 627.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,651 shares of the cell phone carrier’s stock worth $97,000 after purchasing an additional 8,324 shares during the period. 7.84% of the stock is currently 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.