BidaskClub upgraded shares of VEON (NASDAQ:VEON) from a strong sell rating to a sell rating in a research report released on Friday.
A number of other analysts have also commented on the company. Zacks Investment Research lowered VEON from a buy rating to a hold rating in a report on Friday, January 26th. UBS lowered VEON from a buy rating to a neutral rating in a report on Tuesday, March 6th. Gabelli reissued a buy rating on shares of VEON in a report on Friday, February 16th. ValuEngine lowered VEON from a hold rating to a sell rating in a report on Saturday, March 17th. Finally, Goldman Sachs lowered VEON from a buy rating to a neutral rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $5.33.
VEON stock traded up $0.09 on Friday, reaching $2.75. 10,003,731 shares of the company traded hands, compared to its average volume of 7,747,199. VEON has a one year low of $2.20 and a one year high of $4.47. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 2.64. The firm has a market cap of $4,672.90, a PE ratio of 45.83 and a beta of 2.16.
Institutional investors and hedge funds have recently modified their holdings of the stock. UBS Asset Management Americas Inc. grew its holdings in shares of VEON by 3.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 611,200 shares of the Wireless communications provider’s stock worth $2,347,000 after acquiring an additional 20,300 shares during the period. Two Sigma Securities LLC bought a new stake in shares of VEON in the fourth quarter worth $513,000. Boston Partners grew its holdings in shares of VEON by 25.0% in the fourth quarter. Boston Partners now owns 219,941 shares of the Wireless communications provider’s stock worth $845,000 after acquiring an additional 43,961 shares during the period. Virtu Financial LLC bought a new stake in shares of VEON in the fourth quarter worth $182,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of VEON by 90.7% in the fourth quarter. Allianz Asset Management GmbH now owns 1,453,085 shares of the Wireless communications provider’s stock worth $5,581,000 after acquiring an additional 690,919 shares during the period. 16.39% of the stock is owned by institutional investors.
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VEON Company Profile
VEON Ltd., formerly VimpelCom Ltd., is a provider of communications services. The Company operates as personal internet platform. It integrates powerful data analytics and artificial intelligence, with a fresh take on messaging capabilities. It enables its users and communities to connect by voice, text, picture and video through a designed interface.
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