VEON (NASDAQ:VEON) Cut to Hold at StockNews.com

StockNews.com downgraded shares of VEON (NASDAQ:VEON) from a buy rating to a hold rating in a research report report published on Wednesday morning.

VEON Trading Up 1.9 %

VEON stock opened at $23.88 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.97 and a quick ratio of 0.97. VEON has a fifty-two week low of $14.50 and a fifty-two week high of $26.68. The firm has a fifty day moving average price of $24.16 and a two-hundred day moving average price of $20.73.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Barclays PLC raised its position in shares of VEON by 37.0% during the third 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. National Bank of Canada FI acquired a new position in shares of VEON during the fourth quarter valued at about $50,000. Geode Capital Management LLC raised its position in shares of VEON by 10.2% during the second quarter. Geode Capital Management LLC now owns 43,693 shares of the Wireless communications provider’s stock valued at $893,000 after buying an additional 4,044 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of VEON by 58.7% during the third quarter. Vontobel Holding Ltd. now owns 18,549 shares of the Wireless communications provider’s stock valued at $362,000 after buying an additional 6,862 shares during the last quarter. Finally, Gabelli Funds LLC raised its position in shares of VEON by 10.1% during the fourth 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. Institutional investors and hedge funds own 21.30% of the company’s stock.

VEON Company Profile

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.