VEON (NASDAQ:VEON) Downgraded to Hold at StockNews.com

StockNews.com cut shares of VEON (NASDAQ:VEON) from a buy rating to a hold rating in a report released on Tuesday.

VEON Stock Performance

Shares of VEON stock opened at $26.30 on Tuesday. VEON has a twelve month low of $14.50 and a twelve month high of $27.90. The stock’s fifty day simple moving average is $25.11 and its 200 day simple moving average is $22.97. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.97 and a current ratio of 0.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in VEON during the 4th quarter worth about $50,000. Barclays PLC lifted its holdings in VEON by 37.0% during the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock worth $115,000 after buying an additional 1,600 shares during the period. Gamco Investors INC. ET AL acquired a new position in VEON during the 1st quarter worth about $376,000. Monaco Asset Management SAM lifted its holdings in VEON by 138.0% during the 4th quarter. Monaco Asset Management SAM now owns 23,800 shares of the Wireless communications provider’s stock worth $469,000 after buying an additional 13,800 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in VEON by 10.1% during the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after buying an additional 10,000 shares during the period. 21.30% of the stock is owned by institutional investors and hedge funds.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.