Vodafone Group Public (NASDAQ:VOD) Stock Rating Lowered by Bank of America

Vodafone Group Public (NASDAQ:VOD) was downgraded by stock analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat.com reports.

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

Vodafone Group Public Stock Up 0.6 %

VOD opened at $9.35 on Monday. The company has a market cap of $22.13 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.66 and a beta of 0.75. Vodafone Group Public has a twelve month low of $8.00 and a twelve month high of $10.39. The company has a 50-day moving average price of $8.79 and a 200 day moving average price of $9.05. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.78.

Institutional Investors Weigh In On Vodafone Group Public

Large investors have recently made changes to their positions in the stock. ACR Alpine Capital Research LLC boosted its stake in Vodafone Group Public by 0.4% during the fourth quarter. ACR Alpine Capital Research LLC now owns 22,006,311 shares of the cell phone carrier’s stock worth $186,834,000 after buying an additional 97,636 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in shares of Vodafone Group Public by 18.1% during the 4th 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 boosted its position in shares of Vodafone Group Public by 2.9% during the 4th quarter. Renaissance Technologies LLC now owns 9,027,376 shares of the cell phone carrier’s stock valued at $76,642,000 after acquiring an additional 255,623 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Vodafone Group Public by 28.2% in the fourth quarter. Bank of Montreal Can now owns 5,483,837 shares of the cell phone carrier’s stock valued at $46,558,000 after purchasing an additional 1,206,256 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Vodafone Group Public by 12.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 5,429,784 shares of the cell phone carrier’s stock worth $46,099,000 after purchasing an additional 601,151 shares during the last quarter. 7.84% of the stock is currently owned by hedge funds and other institutional investors.

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.