Vodafone Group Public (NASDAQ:VOD) Cut to Neutral at UBS Group

UBS Group cut shares of Vodafone Group Public (NASDAQ:VOD) from a buy rating to a neutral rating in a report issued on Monday, Marketbeat reports.

A number of other brokerages have also commented on VOD. Deutsche Bank Aktiengesellschaft began coverage on Vodafone Group Public in a report on Thursday, June 20th. They set a buy rating on the stock. New Street Research raised shares of Vodafone Group Public to a strong-buy rating in a research report on Monday, July 8th. Finally, StockNews.com raised shares of Vodafone Group Public from a hold rating to a buy rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $14.45.

Vodafone Group Public Price Performance

Shares of NASDAQ:VOD opened at $9.40 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.79. Vodafone Group Public has a 1 year low of $8.02 and a 1 year high of $10.19. The firm has a fifty day moving average price of $9.11 and a 200 day moving average price of $8.87.

Vodafone Group Public Cuts Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, June 7th were given a $0.469 dividend. The ex-dividend date was Friday, June 7th. This represents a dividend yield of 9.6%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VOD. Vicus Capital raised its stake in shares of Vodafone Group Public by 10.0% in the second quarter. Vicus Capital now owns 12,629 shares of the cell phone carrier’s stock valued at $112,000 after purchasing an additional 1,144 shares in the last quarter. Cohen Investment Advisors LLC raised its stake in shares of Vodafone Group Public by 4.4% in the 2nd quarter. Cohen Investment Advisors LLC now owns 27,092 shares of the cell phone carrier’s stock valued at $257,000 after buying an additional 1,148 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Vodafone Group Public by 4.2% during the 4th quarter. Cerity Partners LLC now owns 30,215 shares of the cell phone carrier’s stock worth $263,000 after acquiring an additional 1,229 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in Vodafone Group Public by 10.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 13,356 shares of the cell phone carrier’s stock valued at $116,000 after acquiring an additional 1,277 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Vodafone Group Public by 14.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 10,723 shares of the cell phone carrier’s stock worth $95,000 after purchasing an additional 1,352 shares in the last quarter. Institutional investors own 7.84% of the company’s stock.

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.