Standpoint Research Upgrades Vodafone Group (VOD) to Buy

By Gulf Daily News

Standpoint Research upgraded shares of Vodafone Group from a reduce rating to a buy rating in a research report report published on Tuesday, September 11th, Marketbeat Ratings reports.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research upgraded Vodafone Group from a sell rating to a hold rating in a research note on Thursday, September 6th. Citigroup upgraded Vodafone Group from a neutral rating to a buy rating in a report on Thursday, September 6th. Sanford C. Bernstein upgraded Vodafone Group from a market perform rating to an outperform rating and set a $40.00 price objective for the company in a report on Tuesday, September 4th. Bank of America cut Vodafone Group from a buy rating to a neutral rating in a report on Thursday, August 30th. Finally, BidaskClub cut Vodafone Group from a sell rating to a strong sell rating in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Vodafone Group presently has a consensus rating of Buy and an average price target of $33.36.

NASDAQ VOD traded up $0.05 during trading on Tuesday, reaching $22.25. The companys stock had a trading volume of 6,600,000 shares, compared to its average volume of 4,284,559. The firm has a market capitalization of $60.12 billion, a P/E ratio of 16.43, a P/E/G ratio of 1.80 and a beta of 0.83. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.48. Vodafone Group has a one year low of $21.13 and a one year high of $32.75.

A number of hedge funds have recently modified their holdings of VOD. Wealthcare Advisory Partners LLC boosted its holdings in Vodafone Group by 136.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,117 shares of the cell phone carriers stock valued at $115,000 after acquiring an additional 2,379 shares during the period. Bessemer Group Inc. boosted its holdings in Vodafone Group by 149.8% during the 2nd quarter. Bessemer Group Inc. now owns 5,321 shares of the cell phone carriers stock valued at $129,000 after acquiring an additional 3,191 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Vodafone Group by 722.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,462 shares of the cell phone carriers stock valued at $133,000 after acquiring an additional 4,798 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Vodafone Group during the 2nd quarter valued at about $143,000. Finally, Institutional & Family Asset Management LLC purchased a new stake in Vodafone Group during the 1st quarter valued at about $146,000. Institutional investors own 10.06% of the companys stock.

This article provided by NewsEdge.