Vodafone Group Plc (NYSE:VOD) was upgraded by research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a research report issued on Tuesday, The Fly reports.

Shares of Vodafone Group Plc (NYSE:VOD) traded down 1.30% during midday trading on Tuesday, hitting $31.19. The stock had a trading volume of 907,554 shares. The firm has a 50-day moving average price of $31.69 and a 200-day moving average price of $33.70. Vodafone Group Plc has a 1-year low of $29.33 and a 1-year high of $39.46. The firm’s market cap is $82.74 billion.

The firm also recently declared a dividend, which will be paid on Wednesday, February 3rd. Stockholders of record on Friday, November 20th will be given a $0.541 dividend. The ex-dividend date is Wednesday, November 18th.

Other large investors have modified their holdings of the company. Appleton Partners Inc. MA increased its stake in shares of Vodafone Group Plc by 51.9% in the fourth quarter. Appleton Partners Inc. MA now owns 63,099 shares of the cell phone carrier’s stock valued at $2,036,000 after buying an additional 21,566 shares in the last quarter. Salem Capital Management Inc. increased its stake in shares of Vodafone Group Plc by 1.7% in the fourth quarter. Salem Capital Management Inc. now owns 130,442 shares of the cell phone carrier’s stock valued at $4,208,000 after buying an additional 2,149 shares in the last quarter. Destination Wealth Management increased its stake in shares of Vodafone Group Plc by 97.1% in the fourth quarter. Destination Wealth Management now owns 25,367 shares of the cell phone carrier’s stock valued at $818,000 after buying an additional 12,500 shares in the last quarter. Monarch Capital Management Inc. increased its stake in shares of Vodafone Group Plc by 2.1% in the fourth quarter. Monarch Capital Management Inc. now owns 64,838 shares of the cell phone carrier’s stock valued at $2,092,000 after buying an additional 1,312 shares in the last quarter. Finally, Kanaly Trust Co. increased its stake in shares of Vodafone Group Plc by 44.9% in the fourth quarter. Kanaly Trust Co. now owns 45,454 shares of the cell phone carrier’s stock valued at $1,466,000 after buying an additional 14,087 shares in the last quarter.

Several other analysts have also recently commented on VOD. Goldman Sachs reaffirmed a “neutral” rating on shares of Vodafone Group Plc in a research report on Thursday, November 12th. RBC Capital reaffirmed an “outperform” rating on shares of Vodafone Group Plc in a research report on Wednesday, January 20th. Beaufort Securities reaffirmed a “buy” rating on shares of Vodafone Group Plc in a research report on Thursday, November 12th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Vodafone Group Plc in a research report on Tuesday, November 17th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Vodafone Group Plc in a research report on Wednesday, December 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.73.

Vodafone Group Plc (NYSE:VOD) 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.

12 Month Chart for NYSE:VOD

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