VEON (NASDAQ:VEON – Get Valuation) was downgraded by StockNews.com from a “strong buy” rating to a “buy” rating in a research report released Friday 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 research report on Tuesday, March 29. . Four research analysts rated the stock with a buy rating. Based on data from MarketBeat, VEON currently has an average rating of “Buy” and a consensus price target of $1.95.
NASDAQ: VEON was flat at $0.60 on Friday. 4,145,379 shares of the company were traded, against an average volume of 28,480,230. The company has a market capitalization of $1.04 billion, a P/E ratio of 2.71 and a beta of 1.56 . VEON has a 52-week low of $0.24 and a 52-week high of $2.38. The company has a debt ratio of 6.75, a current ratio of 0.62 and a quick ratio of 0.60. The stock’s fifty-day simple moving average is $0.67 and its two-hundred-day simple moving average is $1.41.
Major investors have recently increased or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new position in VEON in the fourth quarter worth approximately $32,000. Greytown Advisors Inc. increased its position in VEON by 38.7% in the fourth quarter. Greytown Advisors Inc. now owns 26,362 shares of the wireless communications provider valued at $45,000 after buying an additional 7,352 shares last quarter. Yousif Capital Management LLC acquired a new position in VEON stock during the fourth quarter worth approximately $46,000. DGS Capital Management LLC purchased a new stake in VEON stock during the fourth quarter worth approximately $47,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in VEON shares by 25.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,842 shares of the wireless communications provider valued at $75,000 after buying an additional 8,808 shares in the last quarter. Hedge funds and other institutional investors hold 23.74% of the company’s shares.
VEON Company Profile (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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