BidaskClub Upgrades Vodafone (VOD) to “Buy”

Vodafone (NASDAQ:VOD) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other research firms have also issued reports on VOD. Raymond James Financial upgraded Vodafone from a “market perform” rating to a “strong-buy” rating in a research report on Wednesday, January 17th. Zacks Investment Research lowered Vodafone from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Numis Securities upgraded Vodafone from an “add” rating to a “buy” rating in a research report on Monday, February 5th. Bank of America restated a “buy” rating and set a $37.26 price objective on shares of Vodafone in a research report on Monday, February 5th. Finally, BNP Paribas upgraded Vodafone from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $28.67 to $28.56 in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Vodafone currently has a consensus rating of “Buy” and a consensus price target of $31.76.

NASDAQ:VOD opened at $29.77 on Friday. Vodafone has a 12-month low of $25.78 and a 12-month high of $32.75. The company has a market cap of $79,329.46, a P/E ratio of 33.45, a P/E/G ratio of 2.10 and a beta of 0.83. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.46.

A number of hedge funds have recently made changes to their positions in the business. Bremer Trust National Association boosted its position in Vodafone by 11.9% during the 4th quarter. Bremer Trust National Association now owns 15,908 shares of the cell phone carrier’s stock worth $508,000 after acquiring an additional 1,698 shares during the period. American International Group Inc. boosted its position in Vodafone by 7.0% during the 3rd quarter. American International Group Inc. now owns 26,250 shares of the cell phone carrier’s stock worth $747,000 after acquiring an additional 1,709 shares during the period. Proficio Capital Partners LLC boosted its position in Vodafone by 60.9% during the 4th quarter. Proficio Capital Partners LLC now owns 4,641 shares of the cell phone carrier’s stock worth $148,000 after acquiring an additional 1,757 shares during the period. Hardman Johnston Global Advisors LLC boosted its position in Vodafone by 4.3% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 44,737 shares of the cell phone carrier’s stock worth $1,427,000 after acquiring an additional 1,858 shares during the period. Finally, Synovus Financial Corp boosted its position in Vodafone by 12.0% during the 4th quarter. Synovus Financial Corp now owns 17,765 shares of the cell phone carrier’s stock worth $566,000 after acquiring an additional 1,898 shares during the period. Institutional investors own 10.92% of the company’s stock.

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Vodafone Company Profile

Vodafone Group Plc operates as a telecommunications company worldwide. The company offers voice, messaging, and data services across mobile and fixed networks; broadband and TV services; cloud and hosting for storing data and applications in the cloud, as well as Internet protocol-virtual private network services; roaming services; and converged communication services to small businesses and large multinational companies.

Analyst Recommendations for Vodafone (NASDAQ:VOD)

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