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

VEON (NASDAQ:VEON) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

VEON Stock Performance

Shares of VEON stock opened at $25.79 on Friday. VEON has a twelve month low of $14.50 and a twelve month high of $27.90. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.97 and a current ratio of 0.97. The business has a 50-day moving average price of $25.45 and a 200-day moving average price of $23.22.

Institutional Trading of VEON

A number of large investors have recently added to or reduced their stakes in VEON. Helikon Investments Ltd lifted its holdings in shares of VEON by 88.4% in the 4th quarter. Helikon Investments Ltd now owns 1,942,015 shares of the Wireless communications provider’s stock valued at $38,258,000 after acquiring an additional 910,948 shares during the last quarter. Shah Capital Management purchased a new position in shares of VEON in the 4th quarter worth approximately $97,544,000. National Bank of Canada FI bought a new position in shares of VEON during the 4th quarter valued at approximately $50,000. Barclays PLC increased its position in shares of VEON by 37.0% during the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock valued at $115,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Monaco Asset Management SAM raised 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 valued at $469,000 after buying an additional 13,800 shares during the period. Institutional investors own 21.30% of the company’s stock.

About VEON

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.