VEON (NASDAQ:VEON) Stock Price Down 10.3%
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.
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.
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