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

StockNews.com lowered shares of VEON (NASDAQ:VEON) from a strong-buy rating to a buy rating in a report published on Monday.

Separately, New Street Research assumed coverage on shares of VEON in a report on Wednesday, October 11th. They issued a buy rating on the stock.

VEON Price Performance

VEON stock opened at $18.26 on Monday. VEON has a 52 week low of $9.60 and a 52 week high of $21.60. The company’s 50 day moving average price is $17.56 and its two-hundred day moving average price is $18.26. The stock has a market cap of $1.28 billion, a P/E ratio of 2.71 and a beta of 1.49. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 3.84.

VEON (NASDAQ:VEON) last issued its quarterly earnings results on Tuesday, August 29th. The Wireless communications provider reported $8.75 EPS for the quarter. The business had revenue of $916.00 million for the quarter.

Institutional Investors Weigh In On VEON

Large investors have recently modified their holdings of the stock. Helikon Investments Ltd bought a new position in VEON during the first quarter valued at $12,532,000. Jane Street Group LLC lifted its position in shares of VEON by 300.2% during the 4th quarter. Jane Street Group LLC now owns 83,495 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 62,633 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of VEON during the 1st quarter worth $28,000. Barclays PLC increased 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 worth $115,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Monaco Asset Management SAM bought a new stake in VEON in the 3rd quarter valued at about $195,000. Hedge funds and other institutional investors own 13.86% of the company’s stock.

About VEON

VEON Ltd., together with 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, machine-to-machine, and other services; national and international roaming services; wireless internet access; internet-TV services; digital and systems integration services; mobile financial services; and mobile bundles and call completion services.