VEON (VEON) Shares Gap Down to $3.02
Shares of VEON Ltd (NASDAQ:VEON) gapped down prior to trading on Friday . The stock had previously closed at $3.17, but opened at $3.02. VEON shares last traded at $2.87, with a volume of 6265120 shares trading hands.
A number of research firms have commented on VEON. BidaskClub lowered VEON from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Zacks Investment Research raised VEON from a “sell” rating to a “buy” rating and set a $4.50 price objective on the stock in a research note on Thursday, January 25th. Gabelli reissued a “buy” rating on shares of VEON in a research note on Friday, February 16th. Finally, Goldman Sachs Group lowered VEON from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.36.
The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 2.53.
A number of institutional investors have recently bought and sold shares of VEON. Investec Asset Management North America Inc. acquired a new position in VEON in the third quarter worth $6,799,000. Investec Asset Management LTD acquired a new position in VEON in the third quarter worth $25,977,000. DnB Asset Management AS acquired a new position in VEON in the fourth quarter worth $7,493,000. Schwab Charles Investment Management Inc. lifted its stake in shares of VEON by 6.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 834,435 shares of the Wireless communications provider’s stock valued at $3,205,000 after acquiring an additional 50,504 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in shares of VEON by 34.3% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 138,497 shares of the Wireless communications provider’s stock valued at $532,000 after acquiring an additional 35,341 shares during the period. 14.97% of the stock is currently owned by institutional investors.
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VEON Company Profile
VEON Ltd., formerly VimpelCom Ltd., is a provider of communications services. The Company operates as personal internet platform. It integrates powerful data analytics and artificial intelligence, with a fresh take on messaging capabilities. It enables its users and communities to connect by voice, text, picture and video through a designed interface.
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