Vodafone Group (NASDAQ:VOD) Receives Buy Rating from UBS Group

UBS Group reaffirmed their buy rating on shares of Vodafone Group (NASDAQ:VOD) in a research report sent to investors on Tuesday, December 3rd, Borsen Zeitung reports.

A number of other equities research analysts also recently issued reports on the stock. Argus upped their price target on shares of Vodafone Group to $23.00 and gave the company a buy rating in a research note on Tuesday, October 22nd. Zacks Investment Research downgraded shares of Vodafone Group from a hold rating to a sell rating in a research note on Saturday, November 16th. BidaskClub downgraded shares of Vodafone Group from a hold rating to a sell rating in a research note on Saturday, November 16th. BNP Paribas upgraded shares of Vodafone Group from a neutral rating to an outperform rating in a research report on Wednesday, September 11th. Finally, ValuEngine upgraded shares of Vodafone Group from a sell rating to a hold rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Vodafone Group has a consensus rating of Buy and an average price target of $20.12.

Vodafone Group stock traded up $0.21 during mid-day trading on Tuesday, reaching $19.62. 2,386,646 shares of the company’s stock traded hands, compared to its average volume of 3,010,847. The company has a market cap of $51.96 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 1.65 and a beta of 0.76. The stock has a 50 day moving average of $19.70 and a two-hundred day moving average of $18.71. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 1.07. Vodafone Group has a 12-month low of $15.53 and a 12-month high of $21.72.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co grew its holdings in shares of Vodafone Group by 5.7% in the third quarter. CENTRAL TRUST Co now owns 9,320 shares of the cell phone carrier’s stock worth $186,000 after purchasing an additional 500 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in Vodafone Group by 21.9% during the 3rd quarter. Enterprise Financial Services Corp now owns 2,943 shares of the cell phone carrier’s stock worth $59,000 after acquiring an additional 529 shares in the last quarter. Optimum Investment Advisors grew its holdings in Vodafone Group by 26.3% during the 3rd quarter. Optimum Investment Advisors now owns 2,582 shares of the cell phone carrier’s stock worth $51,000 after acquiring an additional 538 shares in the last quarter. IPG Investment Advisors LLC grew its holdings in Vodafone Group by 3.1% during the 2nd quarter. IPG Investment Advisors LLC now owns 21,342 shares of the cell phone carrier’s stock worth $349,000 after acquiring an additional 650 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in Vodafone Group by 0.9% during the 3rd quarter. Fulton Bank N.A. now owns 79,673 shares of the cell phone carrier’s stock worth $1,587,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 7.97% of the company’s stock.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company's consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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Analyst Recommendations for Vodafone Group (NASDAQ:VOD)

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