Why Vodafone Group (VOD) Stock Is Moving Lower Today

NEW YORK (TheStreet) -- Vodafone Group (VOD) stock is slipping on Thursday after receiving a downgrade to "neutral" from "buy" at Goldman Sachs. The firm said the revision was due to lower potential for acquisition offers given possible buyers are pursuing other deals.

By midmorning, shares had dropped 2% to $36.33.

The stock is lower since Monday following reports AT&T (T) was close to securing a deal to purchase DirecTV (DTV). Since the beginning of the week, shares are down 4.4%.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

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VOD ChartVOD data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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