VEON (NASDAQ:VEON – Get Valuation) was downgraded by StockNews.com from a “strong buy” rating to a “hold” rating in a research report released Sunday to clients and investors.
Separately, Zacks Investment Research upgraded VEON shares from a “hold” to a “buy” rating and set a price target of $0.75 on the stock in a Tuesday, March 29 report. One equity research analyst gave the stock a hold rating and three gave the company’s stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1.95.
NASDAQ:VEON shares opened at $0.57 on Friday. The company’s 50-day moving average is $0.56 and its 200-day moving average is $1.28. The company has a debt ratio of 6.75, a quick ratio of 0.60 and a current ratio of 0.62. The company has a market capitalization of $997.00 million, a P/E ratio of 2.59 and a beta of 1.44. VEON has a fifty-two-week low of $0.24 and a fifty-two-week high of $2.38.
Large investors have recently changed their stock holdings. Commonwealth Equity Services LLC bought a new position in VEON stock in Q4 for a value of approximately $32,000. Greytown Advisors Inc. increased its stake in VEON by 38.7% in Q4. Greytown Advisors Inc. now owns 26,362 shares of the wireless communications provider valued at $45,000 after acquiring an additional 7,352 shares during the period. Yousif Capital Management LLC purchased a new stake in VEON in Q4 worth approximately $46,000. DGS Capital Management LLC purchased a new stake in VEON in Q4 worth approximately $47,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in VEON by 25.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,842 shares of the wireless communications provider valued at $75,000 after acquiring an additional 8,808 shares during the period. 28.21% of the shares are currently held by institutional investors.
About VEON (Get an assessment)
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.
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