VEON Ltd (NASDAQ:VEON) fell 0% during mid-day trading on Friday . The company traded as low as $3.05 and last traded at $3.07. 26,234,299 shares were traded during mid-day trading, an increase of 460% from the average session volume of 4,684,351 shares. The stock had previously closed at $3.07.
A number of brokerages have issued reports on VEON. Zacks Investment Research upgraded VEON from a “sell” rating to a “buy” rating and set a $4.50 price target for the company in a research note on Thursday, January 25th. BidaskClub upgraded VEON from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Goldman Sachs Group lowered VEON from a “buy” rating to a “neutral” rating in a research note on Thursday, February 8th. Finally, Gabelli reiterated a “buy” rating on shares of VEON in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. VEON currently has a consensus rating of “Hold” and a consensus target price of $5.23.
The company has a debt-to-equity ratio of 2.29, a current ratio of 0.94 and a quick ratio of 0.92.
The company also recently disclosed a special dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, March 5th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, March 2nd. This represents a dividend yield of 3.56%.
Several institutional investors have recently modified their holdings of VEON. Investec Asset Management North America Inc. purchased a new position in shares of VEON during the third quarter valued at about $6,799,000. Investec Asset Management LTD purchased a new position in shares of VEON during the third quarter valued at about $25,977,000. DnB Asset Management AS purchased a new position in shares of VEON during the fourth quarter valued at about $7,493,000. Schwab Charles Investment Management Inc. grew its position 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 purchasing an additional 50,504 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position 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 purchasing an additional 35,341 shares in the last quarter. Hedge funds and other institutional investors own 14.97% of the company’s stock.
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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