VEON (NASDAQ:VEON) was downgraded by VTB Capital from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of VEON from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. ValuEngine raised shares of VEON from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. Zacks Investment Research raised shares of VEON from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Wednesday, November 21st. Finally, Goldman Sachs Group lowered shares of VEON from a “buy” rating to a “neutral” rating in a research report on Friday, October 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $3.50.

NASDAQ VEON traded down $0.03 during trading on Wednesday, hitting $2.56. The stock had a trading volume of 1,686,500 shares, compared to its average volume of 1,547,618. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.98 and a quick ratio of 0.95. The company has a market cap of $4.48 billion, a P/E ratio of 42.67 and a beta of 1.98. VEON has a one year low of $2.17 and a one year high of $3.99.

VEON (NASDAQ:VEON) last announced its quarterly earnings data on Thursday, November 8th. The Wireless communications provider reported ($0.41) earnings per share (EPS) for the quarter. The firm had revenue of $2.32 billion during the quarter. VEON had a negative return on equity of 34.57% and a negative net margin of 0.70%. As a group, equities research analysts expect that VEON will post 0.26 EPS for the current year.

Several large investors have recently modified their holdings of the company. Virtu Financial LLC increased its position in shares of VEON by 48.2% during the fourth quarter. Virtu Financial LLC now owns 22,587 shares of the Wireless communications provider’s stock worth $53,000 after acquiring an additional 7,341 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of VEON during the third quarter worth approximately $31,000. Tower Research Capital LLC TRC increased its position in shares of VEON by 85.8% during the second quarter. Tower Research Capital LLC TRC now owns 63,137 shares of the Wireless communications provider’s stock worth $150,000 after acquiring an additional 29,164 shares during the period. Legal & General Group Plc increased its position in shares of VEON by 66.7% during the third quarter. Legal & General Group Plc now owns 94,388 shares of the Wireless communications provider’s stock worth $274,000 after acquiring an additional 37,778 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of VEON during the third quarter worth approximately $225,000. 12.23% of the stock is currently owned by institutional investors and hedge funds.

VEON Company Profile

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile Internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; and mobile bundles.

Featured Article: Swap

The Fly

Analyst Recommendations for VEON (NASDAQ:VEON)

Receive News & Ratings for VEON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VEON and related companies with MarketBeat.com's FREE daily email newsletter.