VEON (NASDAQ:VEON) Shares Gap Up to $0.52

VEON Ltd. (NASDAQ:VEONGet Rating)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $0.52, but opened at $0.56. VEON shares last traded at $0.56, with a volume of 57,200 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on VEON in a report on Sunday, January 8th. They set a “strong-buy” rating on the stock.

VEON Trading Up 3.6 %

The company has a fifty day moving average of $0.49 and a 200 day moving average of $0.44. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 6.04.

Institutional Investors Weigh In On VEON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. River & Mercantile Asset Management LLP bought a new stake in VEON during the third quarter worth approximately $2,016,000. UBS Group AG grew its position in VEON by 22.6% in the third 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 last quarter. Clayton Partners LLC grew its position in VEON by 17.3% in the third quarter. Clayton Partners LLC now owns 677,852 shares of the Wireless communications provider’s stock worth $217,000 after buying an additional 100,000 shares during the last quarter. Vontobel Holding Ltd. grew its position in VEON by 317.4% in the third quarter. Vontobel Holding Ltd. now owns 292,172 shares of the Wireless communications provider’s stock worth $93,000 after buying an additional 222,172 shares during the last quarter. Finally, Amundi grew its position in VEON by 227.5% in the second quarter. Amundi now owns 573,919 shares of the Wireless communications provider’s stock worth $256,000 after buying an additional 398,661 shares during the last quarter. Institutional investors own 16.75% of the company’s stock.

VEON Company Profile

(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.

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