VEON (NASDAQ:VEON) Coverage initiated by StockNews.com analysts
StockNews.com began covering stocks of VEON (NASDAQ:VEON – Get an assessment) in a research note released Wednesday to investors. The company has issued a “strong buy” rating on the shares of the wireless communications provider.
Separately, Zacks Investment Research downgraded VEON shares from a “hold” rating to a “buy” rating and set a price target of $0.75 on the stock in a Tuesday 29 research report. march. Three research analysts gave the stock a buy rating and one gave the company’s stock a high buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $1.95.
NASDAQ:VEON opened at $0.49 on Wednesday. VEON has a 52-week low of $0.24 and a 52-week high of $2.38. The company has a market capitalization of $853.77 million, a price-earnings ratio of 2.21 and a beta of 1.44. The company’s 50-day simple moving average is $0.57 and its 200-day simple moving average is $1.10. The company has a debt ratio of 6.25, a quick ratio of 0.79 and a current ratio of 0.81.
A number of institutional investors have recently changed their positions in the company. BNP Paribas Arbitrage SA acquired a new stake in VEON during the first quarter worth approximately $54,000. Gabelli Funds LLC increased its equity stake in VEON by 7.7% in Q1. Gabelli Funds LLC now owns 3,678,223 shares of the wireless communications provider valued at $2,511,000 after purchasing an additional 264,523 shares last quarter. Virtu Financial LLC acquired a new stake in VEON stock in Q1 worth approximately $58,000. Goldman Sachs Group Inc. increased its equity stake in VEON by 43.9% in Q1. Goldman Sachs Group Inc. now owns 436,998 shares of the wireless communications provider valued at $299,000 after buying an additional 133,293 shares last quarter. Finally, Engineers Gate Manager LP acquired a new equity stake in VEON in Q1 worth approximately $28,000. Hedge funds and other institutional investors own 28.21% of the company’s shares.
About VEON (Get a rating)
VEON Ltd., through its subsidiaries, provides mobile and fixed telecommunications services. It offers voice, data and other telecommunications services through a range of wireless, fixed and broadband Internet services. The company provides value-added services, including short message, multimedia message, caller ID, call waiting, data transmission, mobile Internet, downloadable content, mobile financing, machine-to-machine and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile plans and call completion services.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in VEON right now?
Before you consider VEON, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and VEON was not on the list.
Although VEON currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here