Stock Traders Purchase Large Volume of Call Options on Vodafone Group (NASDAQ:VOD)

Vodafone Group Plc (NASDAQ:VOD) saw some unusual options trading activity on Tuesday. Investors purchased 217,217 call options on the company. This represents an increase of 11,460% compared to the typical daily volume of 1,879 call options.

VOD has been the topic of a number of research reports. Barclays reiterated an “overweight” rating on shares of Vodafone Group in a report on Wednesday, October 30th. Macquarie lifted their price target on shares of Vodafone Group from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Bank of America reiterated a “buy” rating on shares of Vodafone Group in a report on Thursday, August 1st. BNP Paribas upgraded shares of Vodafone Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 11th. Finally, BidaskClub downgraded shares of Vodafone Group from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. Vodafone Group presently has an average rating of “Buy” and a consensus price target of $109.39.

Vodafone Group stock opened at $20.24 on Wednesday. The company’s 50-day moving average price is $20.35 and its 200-day moving average price is $18.25. Vodafone Group has a twelve month low of $15.53 and a twelve month high of $21.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.96 and a current ratio of 0.99.

Several institutional investors have recently bought and sold shares of VOD. Coastal Capital Group Inc. bought a new stake in shares of Vodafone Group in the 2nd quarter worth about $25,000. Motco boosted its stake in shares of Vodafone Group by 76.9% during the 2nd quarter. Motco now owns 1,682 shares of the cell phone carrier’s stock worth $27,000 after purchasing an additional 731 shares during the period. Asset Dedication LLC boosted its stake in shares of Vodafone Group by 72.3% during the 2nd quarter. Asset Dedication LLC now owns 1,923 shares of the cell phone carrier’s stock worth $31,000 after purchasing an additional 807 shares during the period. Lenox Wealth Advisors LLC purchased a new position in shares of Vodafone Group during the 3rd quarter worth about $33,000. Finally, Rational Advisors LLC boosted its stake in shares of Vodafone Group by 4,686.7% during the 2nd quarter. Rational Advisors LLC now owns 2,154 shares of the cell phone carrier’s stock worth $35,000 after purchasing an additional 2,109 shares during the period. Hedge funds and other institutional investors own 8.09% of the company’s stock.

About Vodafone Group

Vodafone Group Plc engages in telecommunication services in Europe, Africa, the Middle East, and the Asia Pacific. The company’s consumer products include mobile services, such as call, text, and data; broadband; television offerings and voice; mobile money services through M-pesa; Giga TV, an advanced digital service; and converged communication solutions, such as GigaKombi, Vodafone One Net Enterprise, Vodafone One, and Vodafone Meet Anywhere.

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