Vodafone Group Public (NASDAQ:VOD) Cut to “Hold” at StockNews.com

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

VOD has been the subject of a number of other reports. The Goldman Sachs Group downgraded Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Bank of America lowered shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday. 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. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

NASDAQ VOD traded down $0.44 on Monday, hitting $9.29. 20,795,020 shares of the company traded hands, compared to its average volume of 6,414,022. The business’s 50 day moving average price is $8.77 and its 200-day moving average price is $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 current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The company 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.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC boosted its position in shares of Vodafone Group Public by 46.0% during the third quarter. Natixis Advisors LLC now owns 151,771 shares of the cell phone carrier’s stock worth $1,521,000 after acquiring an additional 47,788 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Vodafone Group Public by 46.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 157,639 shares of the cell phone carrier’s stock valued at $1,580,000 after purchasing an additional 50,000 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Vodafone Group Public by 9.5% during the third quarter. Advisors Asset Management Inc. now owns 111,808 shares of the cell phone carrier’s stock valued at $1,120,000 after purchasing an additional 9,714 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Vodafone Group Public by 25.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 157,023 shares of the cell phone carrier’s stock worth $1,573,000 after purchasing an additional 31,827 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of Vodafone Group Public by 1.3% in the third quarter. Citigroup Inc. now owns 1,658,345 shares of the cell phone carrier’s stock worth $16,617,000 after buying an additional 21,567 shares in the last quarter. 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.