VEON (NASDAQ:VEON) Downgraded to “Hold” at StockNews.com

VEON (NASDAQ:VEON) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

VEON Stock Down 1.7 %

NASDAQ VEON opened at $23.07 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.55. The company has a 50 day moving average price of $24.08 and a two-hundred day moving average price of $20.66. VEON has a 12-month low of $14.50 and a 12-month high of $26.68.

Hedge Funds Weigh In On VEON

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its position in VEON by 37.0% during the third 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 period. National Bank of Canada FI bought a new position in VEON during the fourth quarter worth $50,000. Geode Capital Management LLC increased its position in VEON by 10.2% during the second quarter. Geode Capital Management LLC now owns 43,693 shares of the Wireless communications provider’s stock worth $893,000 after acquiring an additional 4,044 shares during the period. Vontobel Holding Ltd. increased its position in VEON by 58.7% during the third quarter. Vontobel Holding Ltd. now owns 18,549 shares of the Wireless communications provider’s stock worth $362,000 after acquiring an additional 6,862 shares during the period. Finally, Monaco Asset Management SAM bought a new stake in VEON in the 3rd quarter valued at $195,000. Institutional investors own 21.30% of the company’s stock.

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.