VEON (NASDAQ:VEON) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Thursday, TheStreetRatingsTable reports.
Several other brokerages also recently commented on VEON. BidaskClub downgraded shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Friday, July 5th. UBS Group downgraded shares of JinkoSolar from a “buy” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $25.00 in a research report on Monday, June 17th. Bank of America restated a “buy” rating and set a $43.00 price objective (up from $36.00) on shares of The Medicines in a research report on Tuesday. Finally, ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $3.19.
VEON traded down $0.03 during trading on Thursday, hitting $3.17. The company’s stock had a trading volume of 3,871,004 shares, compared to its average volume of 8,837,672. VEON has a one year low of $2.07 and a one year high of $3.28. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of -13.78 and a beta of 1.81. The stock has a 50 day moving average price of $2.61.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank grew its position in VEON by 4.0% during the 4th quarter. Comerica Bank now owns 105,471 shares of the Wireless communications provider’s stock worth $262,000 after purchasing an additional 4,101 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of VEON in the 4th quarter valued at $137,000. Citigroup Inc. raised its position in VEON by 6,555.8% during the fourth quarter. Citigroup Inc. now owns 46,990 shares of the Wireless communications provider’s stock worth $109,000 after acquiring an additional 46,284 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in VEON during the fourth quarter worth $63,000. Finally, Hsbc Holdings PLC raised its position in VEON by 15.1% during the fourth quarter. Hsbc Holdings PLC now owns 1,481,318 shares of the Wireless communications provider’s stock worth $3,466,000 after acquiring an additional 194,554 shares during the period. 16.22% of the stock is owned by institutional investors.
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.
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