Vodafone Group Public (NASDAQ:VOD) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Vodafone Group Public (NASDAQ:VODFree Report) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Vodafone Group Public Trading Up 4.9 %

VOD stock opened at $9.64 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.89 and a quick ratio of 0.86. The stock’s fifty day simple moving average is $8.66 and its two-hundred day simple moving average is $8.77. Vodafone Group Public has a 1-year low of $8.02 and a 1-year high of $10.60.

Institutional Investors Weigh In On Vodafone Group Public

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VOD. D.A. Davidson & CO. lifted its holdings in Vodafone Group Public by 131.3% during the 3rd quarter. D.A. Davidson & CO. now owns 176,733 shares of the cell phone carrier’s stock worth $1,675,000 after purchasing an additional 100,316 shares in the last quarter. Gabelli Funds LLC increased its holdings in Vodafone Group Public by 18.5% during the 3rd quarter. Gabelli Funds LLC now owns 1,027,000 shares of the cell phone carrier’s stock worth $9,736,000 after acquiring an additional 160,500 shares during the period. Mariner LLC boosted its holdings in Vodafone Group Public by 8.5% in the 3rd quarter. Mariner LLC now owns 654,662 shares of the cell phone carrier’s stock valued at $6,206,000 after purchasing an additional 51,532 shares during the period. Cerity Partners LLC increased its holdings in shares of Vodafone Group Public by 4.2% in the fourth quarter. Cerity Partners LLC now owns 30,215 shares of the cell phone carrier’s stock worth $263,000 after purchasing an additional 1,229 shares during the period. Finally, ACR Alpine Capital Research LLC boosted its stake in Vodafone Group Public by 1.4% during the third quarter. ACR Alpine Capital Research LLC now owns 18,895,032 shares of the cell phone carrier’s stock valued at $179,125,000 after buying an additional 257,892 shares during the period. 7.84% of the stock is currently owned by institutional investors.

About Vodafone Group Public

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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.

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