VEON Ltd. (NASDAQ:VEON - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $46.49 and last traded at $45.88, with a volume of 16487 shares. The stock had previously closed at $45.68.
Wall Street Analyst Weigh In
Separately, Benchmark began coverage on VEON in a research report on Tuesday, November 12th. They set a "buy" rating and a $48.00 price objective for the company.
Read Our Latest Stock Analysis on VEON
VEON Stock Performance
The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 7.11 and a beta of 1.51. 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 stock's 50-day moving average is $35.09 and its 200-day moving average is $30.54.
VEON (NASDAQ:VEON - Get Free Report) last announced its quarterly earnings data on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%.
Hedge Funds Weigh In On VEON
Several institutional investors and hedge funds have recently bought and sold shares of VEON. JPMorgan Chase & Co. grew its stake in shares of VEON by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 776 shares during the period. GAMMA Investing LLC purchased a new stake in shares of VEON during the 4th quarter worth about $119,000. Citigroup Inc. raised 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 valued at $7,567,000 after buying an additional 29,350 shares during the period. Samson Rock Capital LLP acquired a new position in VEON during the third quarter valued at approximately $913,000. Finally, Helikon Investments Ltd increased its position in shares of VEON by 1.8% in the third quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider's stock worth $84,840,000 after acquiring an additional 49,680 shares in the last quarter. Institutional investors and hedge funds 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.
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