VEON (NASDAQ:VEON) Lifted to “Buy” at StockNews.com

VEON (NASDAQ:VEONGet Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

VEON Stock Down 0.2 %

Shares of VEON stock opened at $26.94 on Friday. VEON has a 12-month low of $14.50 and a 12-month high of $27.90. The firm has a 50-day moving average price of $24.70 and a 200 day moving average price of $22.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.97 and a quick ratio of 0.97.

Hedge Funds Weigh In On VEON

Institutional investors have recently modified their holdings of the stock. National Bank of Canada FI bought a new position in shares of VEON in the fourth quarter worth about $50,000. Barclays PLC grew its position in shares of VEON by 37.0% during the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock worth $115,000 after buying an additional 1,600 shares during the period. Gamco Investors INC. ET AL acquired a new stake in shares of VEON during the 1st quarter worth approximately $376,000. Monaco Asset Management SAM grew its position in shares of VEON by 138.0% during the 4th quarter. Monaco Asset Management SAM now owns 23,800 shares of the Wireless communications provider’s stock worth $469,000 after buying an additional 13,800 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of VEON by 10.1% during the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after buying an additional 10,000 shares during the period. 21.30% of the stock is owned by institutional investors.

VEON Company Profile

(Get Free Report)

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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