VEON (NASDAQ:VEON) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of VEON (NASDAQ:VEON) from a buy rating to a hold rating in a research report released on Friday.

VEON Stock Up 0.3 %

Shares of NASDAQ VEON opened at $26.02 on Friday. VEON has a 1 year low of $14.50 and a 1 year high of $27.90. The stock’s 50-day simple moving average is $25.54 and its 200-day simple moving average is $23.35.

Hedge Funds Weigh In On VEON

A number of institutional investors have recently made changes to their positions in VEON. Barclays PLC boosted its stake in shares of VEON by 37.0% during the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock valued at $115,000 after buying an additional 1,600 shares during the last quarter. Monaco Asset Management SAM raised its holdings in VEON by 8.5% in the first quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after acquiring an additional 2,030 shares in the last quarter. National Bank of Canada FI bought a new position in VEON during the 4th quarter valued at $50,000. Gabelli Funds LLC grew its holdings in VEON by 10.1% during the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in shares of VEON in the 1st quarter worth about $376,000. 21.30% of the stock is owned by institutional investors and hedge funds.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.