VEON (NASDAQ:VEON) Share Price Passes Above 200-Day Moving Average of $0.45

VEON Ltd. (NASDAQ:VEON – Get Rating) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.45 and traded as high as $0.57. VEON shares last traded at $0.57, with a volume of 706,275 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on VEON in a research note on Monday, January 16th. They issued a “strong-buy” rating for the company.

VEON Price Performance

The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 6.04. The business has a 50 day moving average price of $0.52 and a two-hundred day moving average price of $0.45.

Institutional Investors Weigh In On VEON

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG lifted its stake in shares of VEON by 22.6% in the 3rd quarter. UBS Group AG now owns 171,685 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 31,678 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of VEON by 85.7% in the 1st 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 last quarter. Engineers Gate Manager LP bought a new position in VEON during the 1st quarter valued at approximately $28,000. Vontobel Holding Ltd. bought a new position in VEON during the 1st quarter valued at approximately $48,000. Finally, BNP Paribas Arbitrage SA bought a new position in VEON during the 1st quarter valued at approximately $54,000. Institutional investors own 16.75% of the company’s stock.

VEON Company Profile

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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.