VEON (NASDAQ:VEON) Coverage Initiated by Analysts at Benchmark

Benchmark began coverage on shares of VEON (NASDAQ:VEON - Free Report) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $48.00 target price on the Wireless communications provider's stock.

Separately, StockNews.com upgraded VEON from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 5th.

VEON Trading Up 0.8 %

VEON traded up $0.25 on Tuesday, reaching $33.42. 27,116 shares of the company's stock were exchanged, compared to its average volume of 31,176. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 2.66. The company's 50 day moving average is $30.18 and its 200-day moving average is $27.67. VEON has a twelve month low of $17.11 and a twelve month high of $34.00.

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 for the quarter. The firm 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%.

Institutional Investors Weigh In On VEON

A number of institutional investors have recently modified their holdings of the stock. Monaco Asset Management SAM raised its position in shares of VEON by 8.5% during the 1st quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider's stock valued at $620,000 after acquiring an additional 2,030 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of VEON during the first quarter worth $376,000. Gabelli Funds LLC lifted its position in shares of VEON by 18.8% in the 1st 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. Helikon Investments Ltd boosted its holdings in shares of VEON by 8.1% in the 2nd quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider's stock valued at $71,057,000 after buying an additional 206,200 shares during the period. 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. Institutional investors and hedge funds own 21.30% of the company's stock.

VEON Company Profile

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.