VEON Ltd. (NASDAQ:VEON - Get Free Report) shares saw an uptick in trading volume on Tuesday . 74,343 shares changed hands during trading, an increase of 35% from the previous session's volume of 55,022 shares.The stock last traded at $45.75 and had previously closed at $44.75.
Analysts Set New Price Targets
Separately, Benchmark lifted their price target on VEON from $48.00 to $56.00 and gave the company a "buy" rating in a research note on Monday, March 3rd.
View Our Latest Stock Analysis on VEON
VEON Stock Performance
The firm has a market capitalization of $3.40 billion, a P/E ratio of 6.14 and a beta of 1.47. The stock has a fifty day simple moving average of $44.37 and a two-hundred day simple moving average of $37.17. 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 (NASDAQ:VEON - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The Wireless communications provider reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.06. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%. The firm had revenue of $998.00 million for the quarter, compared to analyst estimates of $1.01 billion.
Institutional Trading of VEON
Hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in VEON by 300.0% in the fourth quarter. Rhumbline Advisers now owns 720 shares of the Wireless communications provider's stock worth $29,000 after acquiring an additional 540 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of VEON in the fourth quarter worth about $58,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of VEON by 100.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock worth $58,000 after purchasing an additional 720 shares in the last quarter. R Squared Ltd bought a new stake in shares of VEON in the fourth quarter valued at approximately $101,000. Finally, JPMorgan Chase & Co. raised its position in shares of VEON by 41.5% in the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock valued at $81,000 after purchasing an additional 776 shares during the period. Institutional investors own 21.30% of the company's stock.
VEON Company Profile
(
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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