Vodafone Group Public (NASDAQ:VOD) Shares Gap Up – Should You Buy?

Vodafone Group Public Limited (NASDAQ:VOD) gapped up before the market opened on Thursday . The stock had previously closed at $9.12, but opened at $9.46. Vodafone Group Public shares last traded at $9.34, with a volume of 1,094,496 shares.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Bank of America cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a report on Monday, March 24th. The Goldman Sachs Group cut shares of Vodafone Group Public from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. StockNews.com lowered Vodafone Group Public from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, DZ Bank raised Vodafone Group Public from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Vodafone Group Public Stock Down 9.3 %

The business’s 50 day simple moving average is $8.92 and its 200-day simple moving average is $9.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 1.37. The company has a market cap of $20.12 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 0.66 and a beta of 0.58.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Vodafone Group Public by 63.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,881 shares of the cell phone carrier’s stock valued at $41,000 after buying an additional 1,899 shares in the last quarter. GeoWealth Management LLC lifted its stake in Vodafone Group Public by 258.0% in the fourth quarter. GeoWealth Management LLC now owns 5,180 shares of the cell phone carrier’s stock valued at $44,000 after acquiring an additional 3,733 shares during the last quarter. CoreCap Advisors LLC grew its position in Vodafone Group Public by 509.7% in the fourth quarter. CoreCap Advisors LLC now owns 6,829 shares of the cell phone carrier’s stock worth $58,000 after acquiring an additional 5,709 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Vodafone Group Public by 912.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 7,212 shares of the cell phone carrier’s stock worth $61,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Vodafone Group Public by 627.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,651 shares of the cell phone carrier’s stock valued at $97,000 after purchasing an additional 8,324 shares during the last quarter. Hedge funds and other 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.