Vodafone Group (NASDAQ:VOD) Sees Large Volume Increase

Shares of Vodafone Group Plc (NASDAQ:VOD) saw unusually-high trading volume on Wednesday . Approximately 95,866 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 3,634,338 shares.The stock last traded at $15.92 and had previously closed at $15.78.

VOD has been the topic of a number of research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Vodafone Group in a report on Thursday, July 1st. Bank of America reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday, September 16th. Barclays reiterated an “overweight” rating on shares of Vodafone Group in a report on Monday, July 26th. Morgan Stanley reiterated an “overweight” rating on shares of Vodafone Group in a report on Thursday, July 29th. Finally, Sanford C. Bernstein initiated coverage on shares of Vodafone Group in a report on Tuesday, September 7th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $18.34.

The stock’s fifty day moving average price is $16.60 and its 200-day moving average price is $17.82. The firm has a market cap of $44.27 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 4.42 and a beta of 0.99. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.98 and a quick ratio of 0.96.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harbour Investments Inc. purchased a new position in Vodafone Group during the first quarter valued at approximately $36,000. Stonebridge Capital Advisors LLC purchased a new position in Vodafone Group during the first quarter valued at approximately $37,000. Arkadios Wealth Advisors grew its position in Vodafone Group by 391.6% during the second quarter. Arkadios Wealth Advisors now owns 2,045 shares of the cell phone carrier’s stock valued at $35,000 after purchasing an additional 1,629 shares in the last quarter. Bessemer Group Inc. purchased a new position in Vodafone Group during the first quarter valued at approximately $41,000. Finally, Bbva USA purchased a new position in Vodafone Group during the second quarter valued at approximately $40,000. 8.51% of the stock is currently owned by hedge funds and other institutional investors.

About Vodafone Group (NASDAQ:VOD)

Vodafone Group Plc engages in telecommunication services in Europe and internationally. The firms 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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