VEON Ltd. (NASDAQ:VEON - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $35.86 and last traded at $35.06, with a volume of 46530 shares trading hands. The stock had previously closed at $35.13.
Analysts Set New Price Targets
Separately, Benchmark initiated coverage on VEON in a report on Tuesday, November 12th. They set a "buy" rating and a $48.00 target price on the stock.
Read Our Latest Report on VEON
VEON Stock Up 3.4 %
The stock's fifty day simple moving average is $31.98 and its two-hundred day simple moving average is $28.87. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.76. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 5.52 and a beta of 1.55.
Institutional Trading of VEON
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in VEON in the 3rd quarter worth about $2,069,000. Citigroup Inc. increased its position in 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 period. Helikon Investments Ltd raised its stake in 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 acquiring an additional 49,680 shares in the last quarter. Samson Rock Capital LLP acquired a new position in VEON during the 3rd quarter worth $913,000. Finally, Lingotto Investment Management LLP grew its stake in shares of VEON by 1.0% in the second quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider's stock worth $139,754,000 after purchasing an additional 53,807 shares in the last quarter. 21.30% of the stock is currently owned by institutional investors and hedge funds.
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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