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

Vodafone Group Public Limited (NASDAQ:VOD) gapped down prior to trading 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 traded.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VOD. Bank of America lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday. 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. StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, DZ Bank upgraded Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Vodafone Group Public currently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Down 4.4 %

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

Hedge Funds Weigh In On Vodafone Group Public

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its holdings in Vodafone Group Public by 63.7% during 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 last quarter. GeoWealth Management LLC grew its holdings in Vodafone Group Public by 258.0% during the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock valued at $44,000 after purchasing an additional 3,733 shares during the last quarter. CoreCap Advisors LLC grew 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 purchasing an additional 5,709 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Vodafone Group Public by 912.9% during 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, Pacific Center for Financial Services grew its holdings in Vodafone Group Public by 33.0% during the fourth quarter. Pacific Center for Financial Services now owns 9,794 shares of the cell phone carrier’s stock valued at $83,000 after purchasing an additional 2,428 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.

Vodafone Group Public Company Profile

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.