Published On: Wed, Sep 21st, 2016

Vodafone Group Plc (VOD) Now Covered by Argus

Investment analysts at Argus started coverage on shares of Vodafone Group Plc (NASDAQ:VOD) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the cell phone carrier’s stock.
Several other equities research analysts have also issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of Vodafone Group Plc in a report on Tuesday, September 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Vodafone Group Plc in a report on Friday, September 2nd. Berenberg Bank reaffirmed a “buy” rating on shares of Vodafone Group Plc in a report on Sunday, August 14th. Citigroup Inc. lowered shares of Vodafone Group Plc from a “buy” rating to a “neutral” rating and set a $30.46 price target on the stock. in a report on Tuesday, July 12th. Finally, Barclays PLC reaffirmed an “overweight” rating on shares of Vodafone Group Plc in a report on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Vodafone Group Plc currently has an average rating of “Buy” and a consensus price target of $30.52.
Shares of Vodafone Group Plc (NASDAQ:VOD) traded up 0.72% during midday trading on Tuesday, hitting $29.41. 5,723,157 shares of the stock traded hands. The stock’s market capitalization is $78.11 billion. The firm has a 50-day moving average price of $30.70 and a 200-day moving average price of $31.59. Vodafone Group Plc has a 52 week low of $27.92 and a 52 week high of $34.70.

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Several hedge funds and other institutional investors have recently modified their holdings of VOD. Joel Isaacson & Co. LLC increased its position in shares of Vodafone Group Plc by 13.2% in the second quarter. Joel Isaacson & Co. LLC now owns 3,662 shares of the cell phone carrier’s stock worth $113,000 after buying an additional 427 shares during the period. Security National Trust Co. increased its position in shares of Vodafone Group Plc by 100.0% in the second quarter. Security National Trust Co. now owns 4,000 shares of the cell phone carrier’s stock worth $124,000 after buying an additional 2,000 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in shares of Vodafone Group Plc during the second quarter worth about $126,000. Seven Eight Capital LLC purchased a new position in shares of Vodafone Group Plc during the second quarter worth about $126,000. Finally, Stuart Chaussee & Associates Inc. increased its position in shares of Vodafone Group Plc by 86.5% in the second quarter. Stuart Chaussee & Associates Inc. now owns 4,289 shares of the cell phone carrier’s stock worth $132,000 after buying an additional 1,989 shares during the period.
Vodafone Group Plc Company Profile
Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets.

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