Trade Report: The JPMorgan Chase & Co. Reaffirms “Buy” Rating for Vodafone Group PLC (VOD)

The JPMorgan Chase & Co. Reaffirms “Buy” Rating for Vodafone Group PLC (VOD)

JPMorgan Chase & Co. reiterated their buy rating on shares of Vodafone Group PLC (NASDAQ:VOD) in a research report report published on Thursday morning.

A number of other equities research analysts also recently weighed in on the company. Beaufort Securities reissued a buy rating on shares of Vodafone Group PLC in a report on Monday, October 10th. Barclays PLC reissued a buy rating on shares of Vodafone Group PLC in a report on Tuesday, October 4th. HSBC reissued a buy rating on shares of Vodafone Group PLC in a report on Wednesday, September 28th. Goldman Sachs Group Inc. reissued a neutral rating on shares of Vodafone Group PLC in a report on Monday, September 26th. Finally, Argus initiated coverage on Vodafone Group PLC in a report on Tuesday, September 20th. They set a hold rating for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $30.52.

Vodafone Group PLC (NASDAQ:VOD) opened at 27.81 on Thursday. The company’s market cap is $73.86 billion. The stock has a 50 day moving average of $29.36 and a 200 day moving average of $31.22. Vodafone Group PLC has a 52 week low of $27.55 and a 52 week high of $34.70.

Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors Inc. boosted its stake in shares of Vodafone Group PLC by 4.8% in the first quarter. Teachers Advisors Inc. now owns 200,182 shares of the cell phone carrier’s stock valued at $6,416,000 after buying an additional 9,110 shares during the last quarter. ING Groep NV boosted its stake in shares of Vodafone Group PLC by 14.1% in the first quarter. ING Groep NV now owns 51,570 shares of the cell phone carrier’s stock valued at $1,652,000 after buying an additional 6,386 shares during the last quarter. Associated Banc Corp boosted its stake in shares of Vodafone Group PLC by 1.1% in the first quarter. Associated Banc Corp now owns 26,315 shares of the cell phone carrier’s stock valued at $844,000 after buying an additional 282 shares during the last quarter. Willis Investment Counsel boosted its stake in shares of Vodafone Group PLC by 0.8% in the first quarter. Willis Investment Counsel now owns 279,800 shares of the cell phone carrier’s stock valued at $8,968,000 after buying an additional 2,200 shares during the last quarter. Finally, BB&T Securities LLC boosted its stake in shares of Vodafone Group PLC by 189.1% in the first quarter. BB&T Securities LLC now owns 693,884 shares of the cell phone carrier’s stock valued at $22,238,000 after buying an additional 453,907 shares during the last quarter. Institutional investors own 9.55% of the company’s stock.

About Vodafone Group PLC

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