Vodafone Group Public (NASDAQ:VOD) Shares Down 2.4%

Vodafone Group Public Limited (NASDAQ:VOD)’s stock price fell 2.4% during mid-day trading on Thursday . The stock traded as low as $9.96 and last traded at $9.98. 657,357 shares were traded during trading, a decline of 90% from the average session volume of 6,458,834 shares. The stock had previously closed at $10.23.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VOD. New Street Research upgraded Vodafone Group Public to a “strong-buy” rating in a research note on Monday, July 8th. UBS Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Vodafone Group Public in a research note on Thursday, June 20th. They set a “buy” rating on the stock. Finally, StockNews.com raised shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Vodafone Group Public currently has an average rating of “Moderate Buy” and a consensus target price of $14.45.

Vodafone Group Public Trading Down 0.5 %

The business has a 50 day simple moving average of $9.58 and a 200 day simple moving average of $9.14. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.31 and a quick ratio of 1.29.

Institutional Investors Weigh In On Vodafone Group Public

A number of hedge funds have recently added to or reduced their stakes in VOD. Vicus Capital lifted its stake in shares of Vodafone Group Public by 10.0% during the second quarter. Vicus Capital now owns 12,629 shares of the cell phone carrier’s stock valued at $112,000 after acquiring an additional 1,144 shares during the period. Cohen Investment Advisors LLC boosted its position in shares of Vodafone Group Public by 4.4% in the 2nd quarter. Cohen Investment Advisors LLC now owns 27,092 shares of the cell phone carrier’s stock worth $257,000 after purchasing an additional 1,148 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings 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 buying an additional 1,277 shares during the last quarter. Profund Advisors LLC increased its stake in shares of Vodafone Group Public by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 46,497 shares of the cell phone carrier’s stock valued at $412,000 after acquiring an additional 1,350 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Vodafone Group Public by 14.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 10,723 shares of the cell phone carrier’s stock valued at $95,000 after acquiring an additional 1,352 shares during the period. Institutional investors own 7.84% of the company’s stock.

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.