VEON Ltd. (NASDAQ:VEON - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $34.00 and last traded at $33.90, with a volume of 27935 shares trading hands. The stock had previously closed at $32.15.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on VEON. Benchmark began coverage on VEON in a research report on Tuesday, November 12th. They issued a "buy" rating and a $48.00 price target for the company. StockNews.com raised shares of VEON from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 5th.
Read Our Latest Analysis on VEON
VEON Stock Performance
The firm's 50 day simple moving average is $31.37 and its 200-day simple moving average is $28.40. 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, August 30th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%. The company had revenue of $1.03 billion during the quarter.
Institutional Investors Weigh In On VEON
A number of hedge funds have recently made changes to their positions in VEON. Helikon Investments Ltd grew its stake in VEON by 8.1% during the second quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider's stock worth $71,057,000 after buying an additional 206,200 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in VEON during the 3rd quarter worth approximately $2,069,000. Lingotto Investment Management LLP increased its holdings in 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 purchasing an additional 53,807 shares in the last quarter. Samson Rock Capital LLP bought a new position in VEON in the 3rd quarter valued at $913,000. Finally, Citigroup Inc. boosted its stake 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 purchasing an additional 29,350 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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