Citigroup Inc. raised its position in VEON Ltd. (NASDAQ:VEON - Free Report) by 13.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,758 shares of the Wireless communications provider's stock after acquiring an additional 29,350 shares during the quarter. Citigroup Inc. owned 0.34% of VEON worth $7,567,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VEON. Samson Rock Capital LLP acquired a new stake in VEON in the third quarter valued at $913,000. Helikon Investments Ltd grew its position in shares of VEON by 1.8% during the 3rd quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider's stock valued at $84,840,000 after buying an additional 49,680 shares during the last quarter. Finally, Lingotto Investment Management LLP grew its position in shares of VEON by 1.0% during the 2nd quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider's stock valued at $139,754,000 after buying an additional 53,807 shares during the last quarter. Hedge funds and other institutional investors own 21.30% of the company's stock.
VEON Stock Performance
Shares of NASDAQ VEON traded up $1.80 during midday trading on Friday, hitting $33.95. 71,727 shares of the company's stock were exchanged, compared to its average volume of 38,206. VEON Ltd. has a twelve month low of $18.50 and a twelve month high of $34.00. The stock's 50 day moving average price is $31.37 and its 200-day moving average price is $28.40. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.76 and a current ratio of 0.77.
VEON (NASDAQ:VEON - Get Free Report) last released its quarterly earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter. The company had revenue of $1.03 billion during the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%.
Analyst Ratings Changes
A number of equities analysts have commented on VEON shares. StockNews.com upgraded VEON from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 5th. Benchmark began coverage on VEON in a research note on Tuesday, November 12th. They issued a "buy" rating and a $48.00 target price on the stock.
Check Out Our Latest Research Report on VEON
VEON Profile
(
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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