VEON has been the topic of several other research reports. VTB Capital cut VEON from a buy rating to a hold rating and set a $2.80 price objective on the stock. in a research report on Wednesday, January 16th. ValuEngine cut VEON from a buy rating to a hold rating in a research report on Wednesday, January 30th. Finally, Zacks Investment Research raised VEON from a sell rating to a hold rating in a research report on Saturday, March 9th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $3.27.
Shares of NASDAQ VEON traded up $0.02 during midday trading on Friday, hitting $2.51. 6,239,605 shares of the stock traded hands, compared to its average volume of 5,014,783. VEON has a one year low of $2.07 and a one year high of $3.14. The company has a market cap of $4.41 billion, a price-to-earnings ratio of -10.91 and a beta of 1.83.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of VEON by 8.6% during the 1st quarter. FMR LLC now owns 219,193 shares of the Wireless communications provider’s stock valued at $458,000 after buying an additional 17,387 shares during the last quarter. Pentwater Capital Management LP bought a new stake in shares of VEON during the 1st quarter valued at $732,000. Morgan Stanley raised its stake in shares of VEON by 27.5% during the 1st quarter. Morgan Stanley now owns 31,574,797 shares of the Wireless communications provider’s stock valued at $65,991,000 after purchasing an additional 6,801,713 shares during the period. Macquarie Group Ltd. raised its stake in shares of VEON by 50.5% during the 1st quarter. Macquarie Group Ltd. now owns 9,761,241 shares of the Wireless communications provider’s stock valued at $20,401,000 after purchasing an additional 3,273,314 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of VEON by 2.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,376,067 shares of the Wireless communications provider’s stock valued at $2,876,000 after purchasing an additional 37,750 shares during the period. 17.57% of the stock is currently owned by hedge funds and other institutional investors.
VEON Company Profile
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.
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