VEON (NASDAQ:VEON) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of VEON (NASDAQ:VEONGet Rating) in a note issued to investors on Monday. The firm set a “strong-buy” rating on the Wireless communications provider’s stock.

VEON Stock Performance

NASDAQ:VEON opened at $0.44 on Monday. The company has a market capitalization of $760.87 million, a PE ratio of 2.17 and a beta of 1.40. The company has a 50 day simple moving average of $0.36 and a two-hundred day simple moving average of $0.43. The company has a debt-to-equity ratio of 6.04, a quick ratio of 0.60 and a current ratio of 0.62. VEON has a fifty-two week low of $0.24 and a fifty-two week high of $1.86.

Institutional Trading of VEON

Several large investors have recently modified their holdings of the stock. River & Mercantile Asset Management LLP acquired a new stake in shares of VEON during the 3rd quarter worth approximately $2,016,000. UBS Group AG grew its position in shares of VEON by 22.6% during the 3rd quarter. UBS Group AG now owns 171,685 shares of the Wireless communications provider’s stock worth $55,000 after buying an additional 31,678 shares during the period. Clayton Partners LLC lifted its holdings in shares of VEON by 17.3% in the 3rd quarter. Clayton Partners LLC now owns 677,852 shares of the Wireless communications provider’s stock worth $217,000 after purchasing an additional 100,000 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of VEON by 317.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 292,172 shares of the Wireless communications provider’s stock worth $93,000 after purchasing an additional 222,172 shares in the last quarter. Finally, Amundi lifted its holdings in shares of VEON by 227.5% in the 2nd quarter. Amundi now owns 573,919 shares of the Wireless communications provider’s stock worth $256,000 after purchasing an additional 398,661 shares in the last quarter. Institutional investors and hedge funds own 17.02% of the company’s stock.

About VEON

(Get Rating)

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

Further Reading

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