Vodafone Group Public (NASDAQ:VOD) Downgraded by Credit Suisse Group

Credit Suisse Group lowered shares of Vodafone Group Public (NASDAQ:VODGet Rating) from an outperform rating to an underperform rating in a research note released on Tuesday, The Fly reports.

Several other brokerages have also weighed in on VOD. UBS Group cut their price target on Vodafone Group Public from GBX 146 ($1.73) to GBX 143 ($1.69) in a research note on Tuesday, July 26th. StockNews.com upgraded Vodafone Group Public from a hold rating to a buy rating in a report on Monday, November 14th. Oddo Bhf upgraded Vodafone Group Public from a neutral rating to an outperform rating in a report on Tuesday, October 4th. Morgan Stanley lowered their price objective on Vodafone Group Public from GBX 180 ($2.13) to GBX 155 ($1.83) in a report on Wednesday, September 7th. Finally, Sanford C. Bernstein cut Vodafone Group Public from an outperform rating to a market perform rating in a report on Monday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $147.17.

Vodafone Group Public Stock Performance

Shares of Vodafone Group Public stock opened at $11.04 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.82 and a current ratio of 0.85. Vodafone Group Public has a twelve month low of $10.85 and a twelve month high of $19.05. The business has a 50-day moving average price of $11.73 and a 200 day moving average price of $13.81.

Vodafone Group Public Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, February 3rd. Investors of record on Friday, November 25th will be issued a $0.4483 dividend. This represents a yield of 7.6%. The ex-dividend date is Wednesday, November 23rd.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bridge Creek Capital Management LLC lifted its holdings in Vodafone Group Public by 0.5% in the first quarter. Bridge Creek Capital Management LLC now owns 145,275 shares of the cell phone carrier’s stock valued at $2,414,000 after acquiring an additional 688 shares during the last quarter. Independent Advisor Alliance lifted its holdings in Vodafone Group Public by 3.2% in the second quarter. Independent Advisor Alliance now owns 22,366 shares of the cell phone carrier’s stock valued at $348,000 after acquiring an additional 701 shares during the last quarter. 180 Wealth Advisors LLC raised its position in Vodafone Group Public by 5.6% in the second quarter. 180 Wealth Advisors LLC now owns 13,766 shares of the cell phone carrier’s stock valued at $215,000 after purchasing an additional 725 shares during the period. Dearborn Partners LLC raised its position in Vodafone Group Public by 4.8% in the first quarter. Dearborn Partners LLC now owns 18,000 shares of the cell phone carrier’s stock valued at $299,000 after purchasing an additional 819 shares during the period. Finally, Atlas Capital Advisors LLC raised its position in Vodafone Group Public by 3.4% in the first quarter. Atlas Capital Advisors LLC now owns 25,290 shares of the cell phone carrier’s stock valued at $420,000 after purchasing an additional 822 shares during the period. 8.66% of the stock is currently owned by institutional investors and hedge funds.

Vodafone Group Public Company Profile

(Get Rating)

Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers.

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Analyst Recommendations for Vodafone Group Public (NASDAQ:VOD)

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