VEON (NASDAQ:VEON) Research coverage has begun on StockNews.com



StockNews.com began to cover the shares of VEON (NASDAQ: VEONGet a rating) in a note released Thursday to investors. The brokerage has set a “strong buy” rating on the shares of the wireless communications provider.

Separately, Zacks Investment Research upgraded VEON shares from a “hold” to a “buy” rating and set a $0.75 price target for the stock in a Tuesday, March 29 research note. Three analysts gave the stock a buy rating and one gave the company’s stock a high buy rating. According to MarketBeat, the stock has an average buy rating and a consensus price target of $1.95.

Shares of VEON opened at $0.52 on Thursday. The company has a debt ratio of 6.25, a quick ratio of 0.79 and a current ratio of 0.81. The stock has a market capitalization of $913.50 million, a P/E ratio of 2.36 and a beta of 1.46. The company’s fifty-day moving average is $0.56 and its two-hundred-day moving average is $1.04. VEON has a 1-year low of $0.24 and a 1-year high of $2.38.

Several institutional investors have recently increased or reduced their stake in VEON. FMR LLC increased its position in VEON shares by 8.6% in the 1st quarter. FMR LLC now owns 219,193 shares of the wireless communications provider worth $458,000 after purchasing an additional 17,387 shares last quarter. OLD Mission Capital LLC increased its position in VEON shares by 773.1% in the third quarter. OLD Mission Capital LLC now owns 333,358 shares of the wireless communications provider worth $420,000 after purchasing an additional 295,179 shares last quarter. Barclays PLC increased its stake in VEON by 24.8% in the third quarter. Barclays PLC now owns 134,772 shares of the wireless communications provider valued at $281,000 after buying an additional 26,772 shares last quarter. Goldman Sachs Group Inc. increased its stake in VEON shares by 47.1% during the 3rd quarter. Goldman Sachs Group Inc. now owns 321,990 shares of the wireless communications provider worth $670,000 after buying an additional 103,097 shares in the last quarter. Finally, Geode Capital Management LLC increased its equity stake in VEON by 4.3% during the third quarter. Geode Capital Management LLC now owns 1,420,167 shares of the wireless communications provider worth $2,953,000 after purchasing an additional 58,769 shares last quarter. Institutional investors and hedge funds hold 28.21% of the company’s shares.

About VEON (Get a rating)

VEON Ltd., through its subsidiaries, provides mobile and fixed telecommunications services. It offers voice, data and other telecommunications services through a range of wireless, fixed and broadband Internet services. The company provides value-added services, including short message, multimedia message, caller number identification, call waiting, data transmission, mobile internet, downloadable content, finance mobile, machine-to-machine and other services; national and international roaming services; wireless Internet access; and mobile plans and call completion services.

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