VEON Ltd. (NASDAQ:VEON - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $26.66 and traded as high as $30.15. VEON shares last traded at $29.82, with a volume of 9,334 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com upgraded VEON from a "buy" rating to a "strong-buy" rating in a report on Monday, August 5th.
View Our Latest Report on VEON
VEON Price Performance
The company has a fifty day moving average of $28.80 and a two-hundred day moving average of $26.70. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 2.66.
VEON (NASDAQ:VEON - Get Free Report) last posted its earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share for the quarter. The company had revenue of $1.03 billion during the quarter.
Institutional Investors Weigh In On VEON
Several institutional investors and hedge funds have recently added to or reduced their stakes in VEON. Gamco Investors INC. ET AL acquired a new position in shares of VEON during the first quarter worth approximately $376,000. Monaco Asset Management SAM lifted its holdings in shares of VEON by 8.5% during the first quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider's stock worth $620,000 after buying an additional 2,030 shares during the last quarter. Samson Rock Capital LLP acquired a new position in shares of VEON during the third quarter worth approximately $913,000. Gabelli Funds LLC lifted its holdings in shares of VEON by 18.8% during the first quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider's stock worth $3,109,000 after buying an additional 20,456 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of VEON by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider's stock worth $10,645,000 after buying an additional 44,013 shares during the last quarter. 21.30% of the stock is currently owned by institutional investors and hedge funds.
About VEON
(
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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