Vodafone Group Public (NASDAQ:VOD) receives new GBX 215 price target at Deutsche Bank Aktiengesellschaft
Vodafone Public Group (NASDAQ:VOD – Get a Rating) had its price target reduced by equity research analysts at Deutsche Bank Aktiengesellschaft from 225 GBX ($2.72) to 215 GBX ($2.60) in a research report released on Thursday, reports The Fly.
A number of other research companies have also weighed in on VOD recently. Morgan Stanley lowered its price target on Vodafone Group Public from GBX 180 ($2.17) to GBX 155 ($1.87) in a Wednesday, September 7 research report. UBS Group reduced its price target on Vodafone Group Public shares from GBX 146 ($1.76) to GBX 143 ($1.73) in a Tuesday, July 26 research report. Barclays cut its price target on Vodafone Group Public shares from GBX 140 ($1.69) to GBX 120 ($1.45) in a Friday, September 16 research report. StockNews.com downgraded shares of Vodafone Group Public from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut its price target on Vodafone Group Public shares from GBX 168 ($2.03) to GBX 165 ($1.99) in a Tuesday, July 26 research report. Seven investment analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $156.33.
Vodafone Group Public Price Performance
NASDAQ VOD shares rose $0.08 in Thursday’s midday session, hitting $12.36. 498,008 shares of the company were traded, against an average volume of 4,878,988. Vodafone Group Public has a 12-month low of $12.13 and a 12-month high of $19.05. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt ratio of 1.02. The company’s fifty-day moving average price is $14.04 and its two-hundred-day moving average price is $15.35.
Hedge funds weigh on Vodafone Group Public
A number of hedge funds have recently changed their holdings in the company. Renaissance Technologies LLC increased its stake in Vodafone Group Public shares by 5.7% in the first quarter. Renaissance Technologies LLC now owns 27,537,932 shares of the mobile operator worth $457,680,000 after buying an additional 1,487,100 shares last quarter. Price T Rowe Associates Inc. MD increased its stake in Vodafone Group Public shares by 5.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 17,805,251 shares of the mobile operator worth $277,406,000 after buying 922,429 additional shares last quarter. Bank of America Corp DE increased its holdings of Vodafone Group Public shares by 32.2% in the first quarter. Bank of America Corp DE now owns 13,170,727 shares of the mobile operator worth $218,897,000 after buying an additional 3,207,740 shares last quarter. ACR Alpine Capital Research LLC increased its stake in Vodafone Group Public shares by 3.5% in the second quarter. ACR Alpine Capital Research LLC now owns 12,234,557 shares of the mobile operator worth $190,615,000 after buying an additional 410,353 shares last quarter. Finally, JPMorgan Chase & Co. increased its stake in Vodafone Group Public by 24.0% during the second quarter. JPMorgan Chase & Co. now owns 6,486,246 shares of the mobile operator valued at $101,056,000 after buying an additional 1,255,489 shares last quarter. 8.66% of the shares are currently held by institutional investors.
About Vodafone Public Group
(Get an evaluation)
Vodafone Group Public Limited Company is active in telecommunications services in Europe and internationally. The company offers mobile services that allow customers to call, text and access data; fixed telephony services, including broadband, television (TV) and voice offers; and convergence services under the GigaKombi and Vodafone One names to customers.
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