VEON (NASDAQ:VEON) Stock Rating Lowered by StockNews.com

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

VEON Stock Performance

NASDAQ:VEON opened at $23.43 on Wednesday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day simple moving average is $24.13 and its 200 day simple moving average is $20.70. VEON has a twelve month low of $14.50 and a twelve month high of $26.68.

Hedge Funds Weigh In On VEON

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its holdings 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 valued at $115,000 after acquiring an additional 1,600 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of VEON during the 4th quarter valued at $50,000. Geode Capital Management LLC lifted its holdings in shares of VEON by 10.2% during the 2nd quarter. Geode Capital Management LLC now owns 43,693 shares of the Wireless communications provider’s stock valued at $893,000 after acquiring an additional 4,044 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of VEON by 58.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 18,549 shares of the Wireless communications provider’s stock valued at $362,000 after acquiring an additional 6,862 shares in the last quarter. Finally, Gabelli Funds LLC lifted its holdings 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 valued at $2,148,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

VEON Company Profile

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.