VEON Ltd (NASDAQ:VEON)’s share price fell 10.3% during trading on Friday . The stock traded as low as $2.41 and last traded at $2.44, 28,046,484 shares were traded during trading. An increase of 477% from the average session volume of 4,860,064 shares. The stock had previously closed at $2.72.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered VEON from an “overweight” rating to an “underweight” rating in a report on Friday. BidaskClub raised VEON from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Zacks Investment Research upgraded VEON from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.29.

The company has a debt-to-equity ratio of 3.39, a current ratio of 0.44 and a quick ratio of 0.41. The firm has a fifty day simple moving average of $2.61 and a 200 day simple moving average of $2.55. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -10.61, a P/E/G ratio of 0.27 and a beta of 1.81.

Several large investors have recently added to or reduced their stakes in the company. Prosperity Capital Management Ltd lifted its stake in shares of VEON by 8.8% in the fourth quarter. Prosperity Capital Management Ltd now owns 52,389,337 shares of the Wireless communications provider’s stock worth $132,545,000 after buying an additional 4,223,461 shares during the last quarter. Exor Investments UK LLP raised its holdings in VEON by 4.3% in the 4th quarter. Exor Investments UK LLP now owns 40,405,931 shares of the Wireless communications provider’s stock worth $102,227,000 after acquiring an additional 1,670,991 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in VEON by 36.5% in the 4th quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 24,962,500 shares of the Wireless communications provider’s stock worth $63,155,000 after acquiring an additional 6,672,469 shares during the period. First Trust Advisors LP raised its holdings in VEON by 9.6% in the 4th quarter. First Trust Advisors LP now owns 8,265,039 shares of the Wireless communications provider’s stock worth $20,911,000 after acquiring an additional 720,572 shares during the period. Finally, FMR LLC lifted its position in VEON by 3,503.9% during the 4th quarter. FMR LLC now owns 7,401,097 shares of the Wireless communications provider’s stock worth $18,725,000 after acquiring an additional 7,195,735 shares during the last quarter. 18.79% of the stock is currently owned by institutional investors.

About VEON (NASDAQ:VEON)

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.

Read More: What are economic reports?

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.