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

VEON (NASDAQ:VEONGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Zacks Investment Research raised shares of VEON from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a report on Tuesday, March 29th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1.95.

Shares of NASDAQ:VEON opened at $0.57 on Friday. The company’s 50-day moving average is $0.56 and its 200 day moving average is $1.28. The company has a debt-to-equity ratio of 6.75, a quick ratio of 0.60 and a current ratio of 0.62. The company has a market capitalization of $997.00 million, a P/E ratio of 2.59 and a beta of 1.44. VEON has a fifty-two week low of $0.24 and a fifty-two week high of $2.38.

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC purchased a new position in shares of VEON in the 4th quarter worth about $32,000. Greytown Advisors Inc. raised its stake in VEON by 38.7% in the 4th quarter. Greytown Advisors Inc. now owns 26,362 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 7,352 shares during the period. Yousif Capital Management LLC bought a new stake in VEON in the 4th quarter valued at about $46,000. DGS Capital Management LLC bought a new stake in VEON in the 4th quarter valued at about $47,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in VEON by 25.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,842 shares of the Wireless communications provider’s stock valued at $75,000 after acquiring an additional 8,808 shares during the period. 28.21% of the stock is currently owned by institutional investors.

About VEON (Get Rating)

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. 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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