VEON (NASDAQ:VEON – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.
VEON Trading Down 3.9 %
NASDAQ VEON traded down $0.93 during trading on Monday, hitting $22.75. 14,949 shares of the company’s stock traded hands, compared to its average volume of 44,378. The stock has a fifty day moving average of $23.67 and a two-hundred 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 12-month low of $14.50 and a 12-month high of $26.68.
Institutional Trading of VEON
A number of institutional investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of 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 purchasing an additional 1,600 shares during the period. National Bank of Canada FI purchased a new stake in shares of VEON during the fourth quarter worth about $50,000. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 4,044 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of 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 purchasing an additional 6,862 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in shares of VEON by 10.1% during the fourth quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after purchasing an additional 10,000 shares during the period. 21.30% of the stock is currently owned by hedge funds and other institutional investors.
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.