StockNews.com began coverage on shares of VEON (NASDAQ:VEON – Get Rating) in a research note published on Thursday. The brokerage issued a strong-buy rating on the Wireless communications provider’s stock.
Shares of NASDAQ VEON opened at $0.45 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 6.25. The stock has a market capitalization of $792.29 million, a PE ratio of 2.25 and a beta of 1.40. VEON has a 12-month low of $0.24 and a 12-month high of $2.38. The stock’s fifty day simple moving average is $0.51 and its two-hundred day simple moving average is $0.88.
Several large investors have recently made changes to their positions in the company. Mandatum Life Insurance Co Ltd acquired a new position in VEON in the 1st quarter valued at $25,000. Engineers Gate Manager LP acquired a new stake in VEON during the 1st quarter worth approximately $28,000. Commonwealth Equity Services LLC purchased a new stake in shares of VEON in the 4th quarter valued at approximately $32,000. Greytown Advisors Inc. increased its position in shares of VEON by 38.7% in the 4th quarter. Greytown Advisors Inc. now owns 26,362 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 7,352 shares during the last quarter. Finally, Yousif Capital Management LLC purchased a new position in shares of VEON in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 28.21% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on VEON (VEON)
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