Today, Vodafone Group PLC (VOD) Rating Decreased to Neutral at BNP Paribas

Today, Vodafone Group PLC (VOD) Rating Decreased to Neutral at BNP Paribas

BNP Paribas downgraded shares of Vodafone Group PLC (NASDAQ:VOD) from an outperform rating to a neutral rating in a report released on Monday morning.

Several other brokerages have also recently issued reports on VOD. Argus began coverage on Vodafone Group PLC in a research note on Tuesday, September 20th. They issued a hold rating for the company. Credit Suisse Group AG reiterated an outperform rating on shares of Vodafone Group PLC in a research note on Thursday, October 13th. Beaufort Securities reiterated a buy rating on shares of Vodafone Group PLC in a research note on Monday, September 26th. JPMorgan Chase & Co. reiterated a buy rating on shares of Vodafone Group PLC in a research note on Thursday, October 13th. Finally, Goldman Sachs Group Inc. reiterated a neutral rating on shares of Vodafone Group PLC in a research note on Monday, September 26th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $30.52.

Vodafone Group PLC (NASDAQ:VOD) opened at 24.88 on Monday. The firm’s 50-day moving average is $0.00 and its 200-day moving average is $0.00. Vodafone Group PLC has a 52-week low of $24.58 and a 52-week high of $34.70.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VOD. AMP Capital Investors Ltd bought a new position in Vodafone Group PLC during the first quarter worth about $744,000. Royal Bank of Canada raised its position in Vodafone Group PLC by 18.5% in the first quarter. Royal Bank of Canada now owns 1,798,622 shares of the cell phone carrier’s stock worth $57,645,000 after buying an additional 280,640 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Vodafone Group PLC by 4.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 94,452 shares of the cell phone carrier’s stock worth $3,023,000 after buying an additional 3,603 shares during the last quarter. Logan Capital Management Inc. raised its position in Vodafone Group PLC by 4.7% in the first quarter. Logan Capital Management Inc. now owns 23,259 shares of the cell phone carrier’s stock worth $746,000 after buying an additional 1,044 shares during the last quarter. Finally, Laffer Investments raised its position in Vodafone Group PLC by 11.6% in the first quarter. Laffer Investments now owns 20,473 shares of the cell phone carrier’s stock worth $656,000 after buying an additional 2,129 shares during the last quarter. 9.77% of the stock is currently owned by institutional investors and hedge funds.

About Vodafone Group PLC

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