VEON (VEON) Stock Rating Lowered by VTB Capital
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.
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.
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