Macquarie Downgrades Vodafone Group Plc (ADR) to Neutral

Brokerage firm Macquarie Downgrades its rating on Vodafone Group Plc (ADR)(NASDAQ:VOD). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Macquarie was issued on Jun 13, 2016.

In a different note, On Apr 20, 2016, Bank of America said it Upgrades its rating on Vodafone Group Plc (ADR). The shares have been rated ‘Buy’ by the firm.

Vodafone Group Plc (ADR) (VOD) made into the market gainers list on Fridays trading session with the shares advancing 1.41% or 0.43 points. Due to strong positive momentum, the stock ended at $30.91, which is also near the day’s high of $30.94. The stock began the session at $30.71 and the volume stood at 59,41,549 shares. The 52-week high of the shares is $38.43 and the 52 week low is $28.83. The company has a current market capitalization of $82,093 M and it has 2,65,58,57,000 shares in outstanding.

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. Vodafone Red offers consumers and businesses a package with mobile data allowances unlimited calls and texts plus cloud and back-up services to secure personal data. Vodafone Cloud allows customers to store their personal digital content such as contacts photos and videos in the Vodafone network and to access it on the move from any connected device. Vodafone OneNet integrates landlines and mobiles providing a communication solution. Vodafone Secure Device Manager gives customer a way to manage many of their smart devices.

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