VEON (NASDAQ:VEON) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday, BidAskClub reports.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded VEON from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. upgraded VEON from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $2.90 to $2.20 in a research report on Wednesday, March 11th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. VEON has an average rating of “Hold” and an average target price of $3.07.

VEON stock traded down $0.01 during trading hours on Thursday, hitting $1.48. The stock had a trading volume of 101,244 shares, compared to its average volume of 9,959,866. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 3.50. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 4.10, a P/E/G ratio of 0.17 and a beta of 1.56. VEON has a one year low of $1.25 and a one year high of $3.28. The business’s 50 day simple moving average is $2.05 and its 200-day simple moving average is $2.38.

A number of institutional investors have recently made changes to their positions in VEON. Maverick Capital Ltd. purchased a new position in shares of VEON during the third quarter valued at approximately $4,266,000. Pictet Asset Management Ltd. lifted its holdings in VEON by 116.1% during the third quarter. Pictet Asset Management Ltd. now owns 4,297,403 shares of the Wireless communications provider’s stock worth $10,073,000 after acquiring an additional 2,308,939 shares during the period. Millennium Management LLC lifted its holdings in VEON by 992.6% during the third quarter. Millennium Management LLC now owns 327,780 shares of the Wireless communications provider’s stock worth $786,000 after acquiring an additional 297,780 shares during the period. Citigroup Inc. lifted its holdings in VEON by 31,150.0% during the fourth quarter. Citigroup Inc. now owns 250,000 shares of the Wireless communications provider’s stock worth $633,000 after acquiring an additional 249,200 shares during the period. Finally, Barclays PLC lifted its holdings in VEON by 221.2% during the third quarter. Barclays PLC now owns 1,121,391 shares of the Wireless communications provider’s stock worth $2,691,000 after acquiring an additional 772,228 shares during the period. 23.69% of the stock is owned by hedge funds and other institutional investors.

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 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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Analyst Recommendations for VEON (NASDAQ:VEON)

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