The HSBC Downgrades VODAFONE GP PLC (VOD) to Hold

The HSBC Downgrades VODAFONE GP PLC (VOD) to Hold

VODAFONE GP PLC (NASDAQ:VOD) was downgraded by HSBC from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other equities research analysts also recently commented on the company. Standpoint Research began coverage on VODAFONE GP PLC in a report on Tuesday, January 3rd. They issued an “accumulate” rating and a $30.00 price objective for the company. Barclays PLC reiterated a “buy” rating on shares of VODAFONE GP PLC in a report on Sunday, December 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of VODAFONE GP PLC in a report on Tuesday, December 6th. Beaufort Securities reiterated a “buy” rating on shares of VODAFONE GP PLC in a report on Monday, October 10th. Finally, Goldman Sachs Group Inc. upgraded VODAFONE GP PLC from a “neutral” rating to a “buy” rating in a report on Thursday, November 3rd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $30.35.

VODAFONE GP PLC (NASDAQ:VOD) opened at 25.97 on Tuesday. VODAFONE GP PLC has a 52-week low of $24.17 and a 52-week high of $34.70. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00.

A number of hedge funds have recently modified their holdings of VOD. Oppenheimer & Co. Inc. increased its stake in VODAFONE GP PLC by 13.8% in the third quarter. Oppenheimer & Co. Inc. now owns 126,393 shares of the cell phone carrier’s stock worth $3,685,000 after buying an additional 15,281 shares during the last quarter. Private Wealth Partners LLC increased its stake in VODAFONE GP PLC by 15.9% in the second quarter. Private Wealth Partners LLC now owns 358,030 shares of the cell phone carrier’s stock worth $11,060,000 after buying an additional 49,150 shares during the last quarter. World Asset Management Inc increased its stake in VODAFONE GP PLC by 8.3% in the second quarter. World Asset Management Inc now owns 164,383 shares of the cell phone carrier’s stock worth $5,078,000 after buying an additional 12,626 shares during the last quarter. Howland Capital Management LLC increased its stake in VODAFONE GP PLC by 2.7% in the third quarter. Howland Capital Management LLC now owns 243,624 shares of the cell phone carrier’s stock worth $7,102,000 after buying an additional 6,443 shares during the last quarter. Finally, Hamlin Capital Management LLC increased its stake in VODAFONE GP PLC by 6.3% in the second quarter. Hamlin Capital Management LLC now owns 2,214,078 shares of the cell phone carrier’s stock worth $68,393,000 after buying an additional 131,445 shares during the last quarter. 10.13% of the stock is currently owned by institutional investors.

About VODAFONE GP PLC

Vodafone Group Plc (Vodafone) is a telecommunications company. The Company’s business is organized into two geographic regions: Europe, and Africa, Middle East and Asia Pacific (AMAP). Its segments include Europe and AMAP. Its Europe segment includes geographic regions, such as Germany, Italy, the United Kingdom, Spain and Other Europe.

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