Vodafone Group Public (NASDAQ:VOD) Downgraded to Neutral Rating by Bank of America

Bank of America downgraded shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a neutral rating in a research note published on Monday, Marketbeat reports.

A number of other equities research analysts also recently commented on the company. DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a report on Friday, March 7th. The Goldman Sachs Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, StockNews.com upgraded shares of Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

Shares of VOD stock opened at $9.36 on Monday. 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 stock has a 50 day simple moving average of $8.81 and a 200-day simple moving average of $9.05. The company has a market cap of $22.16 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. Vodafone Group Public has a 12-month low of $8.00 and a 12-month high of $10.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position 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 worth $41,000 after acquiring an additional 1,899 shares during the last quarter. GeoWealth Management LLC raised its position in shares of 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 purchasing an additional 3,733 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Vodafone Group Public by 509.7% in the 4th quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock valued at $58,000 after buying an additional 5,709 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Vodafone Group Public by 912.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock valued at $61,000 after buying an additional 6,500 shares during the last quarter. Finally, Pacific Center for Financial Services increased its position 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 worth $83,000 after buying an additional 2,428 shares in 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.