VEON Ltd. (NASDAQ:VEON – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.18 and traded as high as $26.25. VEON shares last traded at $25.73, with a volume of 11,162 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of VEON from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th.
View Our Latest Analysis on VEON
VEON Stock Up 0.1 %
Hedge Funds Weigh In On VEON
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew 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 valued at $115,000 after buying an additional 1,600 shares during the last quarter. Shah Capital Management bought a new position in shares of VEON during the fourth quarter valued at approximately $97,544,000. National Bank of Canada FI bought a new position in shares of VEON during the fourth quarter valued at $50,000. Monaco Asset Management SAM raised its holdings in VEON by 138.0% in the 4th quarter. Monaco Asset Management SAM now owns 23,800 shares of the Wireless communications provider’s stock worth $469,000 after acquiring an additional 13,800 shares during the last quarter. Finally, Helikon Investments Ltd raised its position in VEON by 88.4% in the 4th quarter. Helikon Investments Ltd now owns 1,942,015 shares of the Wireless communications provider’s stock worth $38,258,000 after buying an additional 910,948 shares during the last quarter. Hedge funds and other institutional investors own 21.30% of the company’s stock.
VEON Company Profile
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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