Vodafone Group Public (NASDAQ:VOD) Stock Price Up 1.8%

Shares of Vodafone Group Public Limited (NASDAQ:VOD) were up 1.8% on Tuesday . The stock traded as high as $9.85 and last traded at $9.84. Approximately 629,989 shares changed hands during trading, a decline of 90% from the average daily volume of 6,573,694 shares. The stock had previously closed at $9.67.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VOD. New Street Research raised shares of Vodafone Group Public to a “strong-buy” rating in a report on Monday, July 8th. StockNews.com cut shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. UBS Group lowered Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a research report on Thursday, June 20th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.45.

Vodafone Group Public Price Performance

The firm has a market cap of $26.54 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.95 and a beta of 0.75. The company has a 50 day moving average price of $9.20 and a 200 day moving average price of $8.95. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79.

Institutional Investors Weigh In On Vodafone Group Public

Institutional investors and hedge funds have recently made changes to their positions in the business. ACR Alpine Capital Research LLC raised its holdings in shares of Vodafone Group Public by 40.4% in the first quarter. ACR Alpine Capital Research LLC now owns 21,608,956 shares of the cell phone carrier’s stock worth $192,320,000 after acquiring an additional 6,216,805 shares during the last quarter. Bank of Montreal Can grew its stake in Vodafone Group Public by 445.7% in the 2nd quarter. Bank of Montreal Can now owns 3,805,044 shares of the cell phone carrier’s stock worth $34,055,000 after acquiring an additional 3,107,734 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Vodafone Group Public by 345.2% during the second quarter. Hsbc Holdings PLC now owns 3,026,713 shares of the cell phone carrier’s stock worth $26,786,000 after purchasing an additional 2,346,815 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Vodafone Group Public by 20.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 4,548,765 shares of the cell phone carrier’s stock valued at $40,484,000 after purchasing an additional 761,624 shares during the period. Finally, Cetera Investment Advisers lifted its position in Vodafone Group Public by 163.7% during the first quarter. Cetera Investment Advisers now owns 692,886 shares of the cell phone carrier’s stock worth $6,167,000 after buying an additional 430,092 shares during the period. 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.