VEON Ltd. (NASDAQ:VEON – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $23.07, but opened at $22.57. VEON shares last traded at $22.46, with a volume of 2,511 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered VEON from a “buy” rating to a “hold” rating in a research report on Wednesday.
View Our Latest Analysis on VEON
VEON Stock Performance
Institutional Investors Weigh In On VEON
Large investors have recently made changes to their positions in the business. National Bank of Canada FI bought a new stake in shares of VEON in the 4th quarter worth approximately $50,000. Barclays PLC lifted its stake in shares of VEON by 37.0% in the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock valued at $115,000 after purchasing an additional 1,600 shares during the period. Monaco Asset Management SAM purchased a new position in shares of VEON in the 3rd quarter valued at approximately $195,000. Northern Trust Corp purchased a new position in shares of VEON in the 4th quarter valued at approximately $207,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of VEON by 58.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 18,549 shares of the Wireless communications provider’s stock valued at $362,000 after purchasing an additional 6,862 shares during the period. 21.30% of the stock is currently owned by institutional investors.
About VEON
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.
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