StockNews.com cut shares of VEON (NASDAQ:VEON – Free Report) from a buy rating to a hold rating in a report released on Monday.
VEON Stock Down 3.9 %
VEON stock opened at $22.75 on Monday. The business has a 50-day moving average of $23.67 and a 200-day moving average of $20.48. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.97 and a current ratio of 0.97. VEON has a 1 year low of $14.50 and a 1 year high of $26.68.
Institutional Investors Weigh In On VEON
Several hedge funds have recently bought and sold shares of VEON. Vontobel Holding Ltd. increased its position in shares of VEON by 58.7% in the 3rd 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 in the last quarter. Barclays PLC grew its stake in VEON by 37.0% in the third quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock valued at $115,000 after acquiring an additional 1,600 shares during the period. Monaco Asset Management SAM bought a new stake in shares of VEON in the third quarter worth about $195,000. Jane Street Group LLC acquired a new stake in shares of VEON during the second quarter worth about $45,000. Finally, Engineers Gate Manager LP bought a new position in shares of VEON during the 1st quarter valued at about $28,000. 21.30% of the stock is currently owned by institutional investors and hedge funds.
About VEON
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.
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