VEON (NASDAQ:VEON) Stock Rating Lowered by StockNews.com

VEON (NASDAQ:VEON) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

VEON Price Performance

NASDAQ VEON opened at $26.30 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.55. The business’s fifty day moving average is $25.17 and its 200 day moving average is $22.99. VEON has a fifty-two week low of $14.50 and a fifty-two week high of $27.90.

Hedge Funds Weigh In On VEON

Several hedge funds have recently modified their holdings of VEON. National Bank of Canada FI purchased a new position in shares of VEON in the fourth quarter worth $50,000. Barclays PLC increased its position in VEON by 37.0% in the third quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock worth $115,000 after purchasing an additional 1,600 shares during the last quarter. Gamco Investors INC. ET AL bought a new stake in VEON in the first quarter worth $376,000. Monaco Asset Management SAM increased 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 worth $469,000 after purchasing an additional 13,800 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in VEON by 10.1% in the fourth quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other 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.