VEON Ltd (NASDAQ:VEON) Stock Holdings Increased by Barclays PLC

Posted by James Conley on Dec 4th, 2019

Barclays PLC grew its position in shares of VEON Ltd (NASDAQ:VEON) by 221.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,121,391 shares of the Wireless communications provider’s stock after buying an additional 772,228 shares during the period. Barclays PLC’s holdings in VEON were worth $2,691,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Gabelli Funds LLC increased its holdings in shares of VEON by 15.4% in the 3rd quarter. Gabelli Funds LLC now owns 2,955,000 shares of the Wireless communications provider’s stock valued at $7,092,000 after acquiring an additional 395,000 shares during the last quarter. Bank of America Corp DE increased its stake in VEON by 265.0% during the second quarter. Bank of America Corp DE now owns 1,182,634 shares of the Wireless communications provider’s stock valued at $3,312,000 after purchasing an additional 858,589 shares during the last quarter. Polunin Capital Partners Ltd raised its holdings in shares of VEON by 1.6% during the third quarter. Polunin Capital Partners Ltd now owns 7,110,258 shares of the Wireless communications provider’s stock worth $17,064,000 after purchasing an additional 112,500 shares during the period. First Trust Advisors LP raised its holdings in shares of VEON by 8,472.1% during the third quarter. First Trust Advisors LP now owns 7,544,467 shares of the Wireless communications provider’s stock worth $18,107,000 after purchasing an additional 7,456,455 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of VEON by 623.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 187,563 shares of the Wireless communications provider’s stock worth $525,000 after buying an additional 161,630 shares during the last quarter. 18.77% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on VEON shares. BidaskClub raised shares of VEON from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. ValuEngine cut shares of VEON from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Zacks Investment Research upgraded VEON from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. Finally, Sberbank CIB lowered VEON from a “buy” rating to a “hold” rating in a report on Thursday, September 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. VEON has an average rating of “Hold” and an average price target of $3.19.

VEON stock opened at $2.58 on Wednesday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.41 and a current ratio of 0.44. VEON Ltd has a one year low of $2.07 and a one year high of $3.28. The company has a 50-day simple moving average of $2.44 and a 200-day simple moving average of $2.59. The firm has a market capitalization of $4.58 billion, a P/E ratio of -11.22, a P/E/G ratio of 0.34 and a beta of 1.91.

VEON Company Profile

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.