VEON (NASDAQ:VEON) Shares Gap Down to $19.25

VEON Ltd. (NASDAQ:VEON) gapped down before the market opened on Thursday . The stock had previously closed at $19.25, but opened at $18.71. VEON shares last traded at $19.22, with a volume of 3,705 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of VEON from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 7th.

VEON Trading Down 2.1 %

The company has a quick ratio of 1.03, a current ratio of 1.00 and a debt-to-equity ratio of 3.84. The firm has a 50 day moving average of $17.48 and a 200 day moving average of $18.04. The firm has a market cap of $1.32 billion, a PE ratio of 1.24 and a beta of 1.50.

VEON (NASDAQ:VEON) last issued its quarterly earnings results on Tuesday, August 29th. The Wireless communications provider reported $8.75 EPS for the quarter. The firm had revenue of $916.00 million for the quarter.

Hedge Funds Weigh In On VEON

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Exor Capital LLP raised its position in shares of VEON by 8.5% in the fourth quarter. Exor Capital LLP now owns 131,068,288 shares of the Wireless communications provider’s stock valued at $237,757,000 after purchasing an additional 10,282,470 shares during the period. Allianz Asset Management GmbH raised its holdings in VEON by 1,979.1% during the 1st quarter. Allianz Asset Management GmbH now owns 5,498,638 shares of the Wireless communications provider’s stock valued at $3,754,000 after acquiring an additional 5,234,162 shares during the period. Gabelli Funds LLC lifted its position in shares of VEON by 7.7% during the first quarter. Gabelli Funds LLC now owns 3,678,223 shares of the Wireless communications provider’s stock worth $2,511,000 after acquiring an additional 264,523 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of VEON by 167.0% in the second quarter. JPMorgan Chase & Co. now owns 3,258,461 shares of the Wireless communications provider’s stock worth $1,499,000 after acquiring an additional 2,037,914 shares during the period. Finally, Deutsche Bank AG grew its position in shares of VEON by 6.6% in the fourth quarter. Deutsche Bank AG now owns 2,018,000 shares of the Wireless communications provider’s stock valued at $989,000 after purchasing an additional 125,000 shares in the last quarter. Institutional investors own 13.86% of the company’s stock.

About VEON

VEON Ltd., together with 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; internet-TV services; digital and systems integration services; mobile financial services; and mobile bundles and call completion services.