Vodafone Group Plc (VOD) : Analyst Rating Update

Vodafone Group Plc (VOD) : 4 brokerage houses believe that Vodafone Group Plc (VOD) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Vodafone Group Plc (VOD). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 5 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.4.

Vodafone Group Plc (NASDAQ:VOD): The stock opened at $29.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.79 for the day. The stock traded down to $29.18 during the day, due to lack of any buying support eventually closed down at $29.77 with a loss of -1.52% for the day. The stock had closed at $30.23 on the previous day. The total traded volume was 5,892,059 shares.

Also, In a research note released to the investors, Macquarie downgrades its rating on Vodafone Group Plc (NASDAQ:VOD).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on June 13, 2016. The company shares have dropped -13.92% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $38.43 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $32.24 and the 200 Day Moving Average price is recorded at $31.81.

Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Companys 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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