Vodafone Group Public (NASDAQ:VOD) Downgraded by StockNews.com to Hold

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

Separately, The Goldman Sachs Group downgraded shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Vodafone Group Public Stock Performance

Shares of Vodafone Group Public stock opened at $8.36 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. Vodafone Group Public has a 1-year low of $8.00 and a 1-year high of $10.39. The company’s fifty day simple moving average is $8.42 and its 200-day simple moving average is $9.11.

Institutional Investors Weigh In On Vodafone Group Public

Hedge funds have recently modified their holdings of the business. ACR Alpine Capital Research LLC raised its stake in shares of Vodafone Group Public by 0.4% during the 4th quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier’s stock worth $186,834,000 after acquiring an additional 97,636 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Vodafone Group Public by 18.1% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 14,598,375 shares of the cell phone carrier’s stock worth $123,940,000 after acquiring an additional 2,238,935 shares during the period. Renaissance Technologies LLC increased its stake in shares of Vodafone Group Public by 2.9% in the fourth quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier’s stock worth $76,642,000 after acquiring an additional 255,623 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Vodafone Group Public in the third quarter worth $82,716,000. Finally, Bank of Montreal Can boosted its holdings in Vodafone Group Public by 28.2% during the fourth quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier’s stock worth $46,558,000 after buying an additional 1,206,256 shares in the last quarter. Hedge funds and other institutional investors 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.