VEON Ltd. (NASDAQ:VEON - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $38.11 and last traded at $38.10, with a volume of 74473 shares trading hands. The stock had previously closed at $36.70.
Analyst Ratings Changes
Separately, Benchmark began coverage on VEON in a report on Tuesday, November 12th. They set a "buy" rating and a $48.00 target price for the company.
View Our Latest Report on VEON
VEON Stock Performance
The company's 50-day moving average price is $32.96 and its 200 day moving average price is $29.44. The stock has a market capitalization of $2.89 billion, a PE ratio of 6.15 and a beta of 1.55. 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 issued its quarterly earnings data on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a negative net margin of 77.48% and a positive return on equity of 28.73%.
Institutional Investors Weigh In On VEON
A number of hedge funds and other institutional investors have recently bought and sold shares of VEON. Lingotto Investment Management LLP boosted its position in shares of VEON by 1.0% in the 2nd 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. Helikon Investments Ltd raised its stake in VEON by 1.8% during the third 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. Citigroup Inc. boosted its holdings in VEON by 13.4% in the third quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock worth $7,567,000 after acquiring an additional 29,350 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of VEON in the third quarter worth $2,069,000. Finally, Samson Rock Capital LLP purchased a new stake in shares of VEON in the third quarter worth $913,000. Hedge funds and other institutional investors own 21.30% of the company's stock.
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.
Featured Stories
Before you consider VEON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VEON wasn't on the list.
While VEON currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
