VEON (NASDAQ:VEON - Free Report) had its price target raised by Benchmark from $48.00 to $56.00 in a research note published on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the Wireless communications provider's stock.
VEON Price Performance
Shares of NASDAQ:VEON traded up $0.95 during midday trading on Monday, reaching $45.00. The company's stock had a trading volume of 125,100 shares, compared to its average volume of 51,575. The business's fifty day simple moving average is $44.18 and its 200-day simple moving average is $35.81. The company has a market capitalization of $3.33 billion, a P/E ratio of 6.02 and a beta of 1.52. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80. VEON has a fifty-two week low of $22.17 and a fifty-two week high of $48.39.
VEON (NASDAQ:VEON - Get Free Report) last announced its quarterly earnings data on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share for the quarter. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors 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 stake in shares of VEON in the 3rd quarter valued at about $2,069,000. Citigroup Inc. raised its holdings in VEON by 13.4% during the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock worth $7,567,000 after buying an additional 29,350 shares during the period. Helikon Investments Ltd lifted its stake in VEON by 5.0% in the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock valued at $117,377,000 after buying an additional 138,149 shares in the last quarter. Samson Rock Capital LLP raised its holdings in shares of VEON by 20.0% during the fourth quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider's stock worth $1,444,000 after acquiring an additional 6,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in VEON by 41.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 776 shares in the last quarter. 21.30% of the stock is currently owned by institutional investors.
VEON Company Profile
(
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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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