BidaskClub Downgrades VEON (VEON) to Strong Sell
VEON (NASDAQ:VEON) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
A number of other brokerages have also issued reports on VEON. ValuEngine upgraded VEON from a “sell” rating to a “hold” rating in a report on Monday, September 11th. Zacks Investment Research upgraded VEON from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. VEON has an average rating of “Hold” and an average price target of $5.35.
Shares of VEON (NASDAQ VEON) opened at $3.92 on Tuesday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.92 and a current ratio of 0.94. VEON has a twelve month low of $3.67 and a twelve month high of $4.50.
A number of institutional investors have recently bought and sold shares of VEON. Investec Asset Management LTD purchased a new stake in VEON during the third quarter worth $25,977,000. Dimensional Fund Advisors LP purchased a new stake in VEON during the first quarter worth $14,400,000. Investec Asset Management North America Inc. purchased a new stake in VEON during the third quarter worth $6,799,000. Geode Capital Management LLC purchased a new stake in VEON during the first quarter worth $2,884,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in VEON during the first quarter worth $899,000. Institutional investors own 15.24% of the company’s stock.
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