VEON Ltd. (NASDAQ:VEON - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $23.07, but opened at $22.57. VEON shares last traded at $22.46, with a volume of 2,511 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com lowered VEON from a "buy" rating to a "hold" rating in a research report on Wednesday.
Read Our Latest Analysis on VEON
VEON Price Performance
The firm's 50-day moving average price is $24.08 and its 200 day moving average price is $20.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.55.
Institutional Investors Weigh In On VEON
A number of large investors have recently bought and sold shares of VEON. Engineers Gate Manager LP bought a new position in shares of VEON during the 1st quarter worth about $28,000. Jane Street Group LLC boosted its holdings in VEON by 300.2% in the fourth quarter. Jane Street Group LLC now owns 83,495 shares of the Wireless communications provider's stock worth $41,000 after acquiring an additional 62,633 shares in the last quarter. Vontobel Holding Ltd. bought a new position in VEON in the first quarter worth approximately $48,000. Great West Life Assurance Co. Can grew its stake in VEON by 85.7% in the first quarter. Great West Life Assurance Co. Can now owns 68,681 shares of the Wireless communications provider's stock valued at $49,000 after acquiring an additional 31,706 shares during the period. Finally, National Bank of Canada FI bought a new stake in shares of VEON during the fourth quarter valued at approximately $50,000. 21.30% of the stock is currently owned by institutional investors and hedge funds.
VEON Company Profile
(
Get Free Report)
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.
Further Reading
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