VEON (NASDAQ:VEON) cut to fit on StockNews.com

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VEON (NASDAQ: VEONGet a rating) was downgraded by StockNews.com from a “strong buy” rating to a “hold” rating in a research report released Sunday to clients and investors.

Separately, Zacks Investment Research upgraded VEON shares from a “hold” rating to a “buy” rating and set a price target of $0.75 on the stock in a Tuesday, March 29 report. One equity research analyst gave the stock a hold rating and three gave the company’s stock a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $1.95.

Shares of NASDAQ: VEON opened at $0.57 on Friday. The company’s 50-day moving average is $0.56 and its 200-day moving average is $1.28. The company has a debt ratio of 6.75, a quick ratio of 0.60 and a current ratio of 0.62. The company has a market capitalization of $997.00 million, a P/E ratio of 2.59 and a beta of 1.44. VEON has a fifty-two-week low of $0.24 and a fifty-two-week high of $2.38.

Large investors have recently changed their stock holdings. Commonwealth Equity Services LLC bought a new position in VEON stock in Q4 for a value of approximately $32,000. Greytown Advisors Inc. increased its stake in VEON by 38.7% in Q4. Greytown Advisors Inc. now owns 26,362 shares of the wireless communications provider valued at $45,000 after acquiring an additional 7,352 shares during the period. Yousif Capital Management LLC purchased a new stake in VEON in Q4 worth approximately $46,000. DGS Capital Management LLC purchased a new stake in VEON in Q4 worth approximately $47,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in VEON by 25.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,842 shares of the wireless communications provider valued at $75,000 after acquiring an additional 8,808 shares during the period. 28.21% of the shares are currently held by institutional investors.

About VEON (Get a rating)

VEON Ltd., through its subsidiaries, provides mobile and fixed telecommunications services. It offers voice, data and other telecommunications services through a range of wireless, fixed and broadband Internet services. The company provides value-added services, including short message, multimedia message, caller ID, call waiting, data transmission, mobile Internet, downloadable content, mobile financing, machine-to-machine and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile plans and call completion services.

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