StockNews.com Lowers VEON (NASDAQ:VEON) to Hold

StockNews.com lowered shares of VEON (NASDAQ:VEON) from a buy rating to a hold rating in a research report released on Friday.

VEON Trading Up 0.6 %

Shares of NASDAQ VEON opened at $25.94 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50-day simple moving average is $25.50 and its 200-day simple moving average is $23.31. VEON has a 52 week low of $14.50 and a 52 week high of $27.90.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in VEON. Barclays PLC grew its holdings in VEON by 37.0% in the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock valued at $115,000 after buying an additional 1,600 shares during the last quarter. Monaco Asset Management SAM grew its holdings in VEON by 8.5% in the 1st quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after buying an additional 2,030 shares during the last quarter. National Bank of Canada FI acquired a new stake in VEON in the 4th quarter valued at approximately $50,000. Gabelli Funds LLC grew its holdings in VEON by 10.1% in the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock valued at $2,148,000 after buying an additional 10,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in VEON in the 1st quarter valued at approximately $376,000. Institutional investors and hedge funds own 21.30% of the company’s stock.

About VEON

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.