VEON (NASDAQ:VEON - Free Report) had its target price boosted by Benchmark from $56.00 to $60.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the Wireless communications provider's stock.
VEON Trading Down 2.2 %
VEON traded down $1.01 during trading on Tuesday, hitting $44.99. 139,250 shares of the company's stock were exchanged, compared to its average volume of 56,998. The stock has a 50 day moving average price of $44.37 and a 200 day moving average price of $37.73. VEON has a 1 year low of $22.35 and a 1 year high of $48.39. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 2.34. The firm has a market cap of $3.33 billion, a P/E ratio of 7.85 and a beta of 1.47.
VEON (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The Wireless communications provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%. The company had revenue of $998.00 million during the quarter, compared to analysts' expectations of $1.01 billion.
Institutional Investors Weigh In On VEON
A number of institutional investors have recently modified their holdings of VEON. Lingotto Investment Management LLP increased its holdings in VEON by 2.9% in the fourth quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider's stock valued at $230,192,000 after buying an additional 159,714 shares during the last quarter. Helikon Investments Ltd grew its position in shares of VEON by 5.0% in the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock worth $117,377,000 after acquiring an additional 138,149 shares in the last quarter. Diameter Capital Partners LP bought a new stake in shares of VEON in the 4th quarter valued at approximately $25,161,000. Citigroup Inc. increased its holdings in shares of VEON by 13.4% in the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock valued at $7,567,000 after acquiring an additional 29,350 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of VEON by 2.2% during the 4th quarter. Russell Investments Group Ltd. now owns 117,808 shares of the Wireless communications provider's stock valued at $4,724,000 after acquiring an additional 2,512 shares in the last quarter. Institutional investors and hedge funds own 21.30% of the company's stock.
VEON Company Profile
(
Get Free Report)
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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