VEON Ltd. (NASDAQ:VEON – Get Free Report)’s share price traded down 4.1% on Tuesday . The stock traded as low as $25.31 and last traded at $25.31. 2,081 shares traded hands during trading, a decline of 94% from the average session volume of 34,031 shares. The stock had previously closed at $26.39.
Analysts Set New Price Targets
Separately, StockNews.com lowered VEON from a “buy” rating to a “hold” rating in a research report on Tuesday.
Check Out Our Latest Analysis on VEON
VEON Stock Performance
Hedge Funds Weigh In On VEON
Several large investors have recently bought and sold shares of VEON. Barclays PLC boosted its stake in shares of VEON by 37.0% during the third 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. Shah Capital Management acquired a new stake in VEON in the fourth quarter valued at about $97,544,000. National Bank of Canada FI acquired a new stake in VEON in the fourth quarter valued at about $50,000. Monaco Asset Management SAM lifted its position in VEON by 138.0% in the fourth quarter. Monaco Asset Management SAM now owns 23,800 shares of the Wireless communications provider’s stock valued at $469,000 after purchasing an additional 13,800 shares during the period. Finally, Helikon Investments Ltd lifted its position in VEON by 88.4% in the fourth quarter. Helikon Investments Ltd now owns 1,942,015 shares of the Wireless communications provider’s stock valued at $38,258,000 after purchasing an additional 910,948 shares during the period. Institutional investors and hedge funds 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.
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