Vodafone Group PLC (VOD) Upgraded to Buy by Goldman Sachs Group, Inc. (The)

Goldman Sachs Group, Inc. (The) upgraded shares of Vodafone Group PLC (NASDAQ:VOD) from a neutral rating to a buy rating in a report published on Tuesday.

Several other brokerages also recently issued reports on VOD. Barclays PLC reiterated a buy rating on shares of Vodafone Group PLC in a research note on Sunday. Argus began coverage on shares of Vodafone Group PLC in a research note on Tuesday, September 20th. They issued a hold rating on the stock. Credit Suisse Group reiterated an outperform rating on shares of Vodafone Group PLC in a research note on Thursday, October 13th. J P Morgan Chase & Co reiterated a buy rating on shares of Vodafone Group PLC in a research note on Tuesday, December 6th. Finally, Beaufort Securities reiterated a buy rating on shares of Vodafone Group PLC in a research note on Monday, September 26th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Vodafone Group PLC currently has a consensus rating of Buy and an average target price of $30.35.

Analyst Recommendations for Vodafone Group PLC (NASDAQ:VOD)

Shares of Vodafone Group PLC (NASDAQ:VOD) traded up 1.88% during midday trading on Tuesday, hitting $26.52. 9,939,323 shares of the stock traded hands. The firm’s market capitalization is $74.02 billion. The company’s 50-day moving average is $24.95 and its 200 day moving average is $28.46. Vodafone Group PLC has a 52 week low of $24.17 and a 52 week high of $34.70.

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Institutional investors have recently modified their holdings of the company. Banced Corp bought a new position in shares of Vodafone Group PLC during the second quarter worth $268,000. Checchi Capital Advisers LLC raised its position in shares of Vodafone Group PLC by 1.5% in the second quarter. Checchi Capital Advisers LLC now owns 16,067 shares of the cell phone carrier’s stock worth $496,000 after buying an additional 237 shares in the last quarter. Kanaly Trust Co raised its position in shares of Vodafone Group PLC by 19.9% in the second quarter. Kanaly Trust Co now owns 75,921 shares of the cell phone carrier’s stock worth $2,345,000 after buying an additional 12,611 shares in the last quarter. Security National Trust Co. raised its position in shares of Vodafone Group PLC by 100.0% in the second quarter. Security National Trust Co. now owns 4,000 shares of the cell phone carrier’s stock worth $124,000 after buying an additional 2,000 shares in the last quarter. Finally, Miller Howard Investments Inc. NY raised its position in shares of Vodafone Group PLC by 14.6% in the second quarter. Miller Howard Investments Inc. NY now owns 1,979,669 shares of the cell phone carrier’s stock worth $61,152,000 after buying an additional 251,744 shares in the last quarter. Hedge funds and other institutional investors own 10.13% of the company’s stock.

About Vodafone Group PLC

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

5 Day Chart for NASDAQ:VOD

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