Shares of VEON Ltd. (NASDAQ:VEON - Get Free Report) saw unusually-high trading volume on Monday . Approximately 78,008 shares traded hands during trading, an increase of 37% from the previous session's volume of 57,138 shares.The stock last traded at $43.84 and had previously closed at $44.99.
Wall Street Analysts Forecast Growth
Separately, Benchmark boosted their target price on shares of VEON from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, March 25th.
Check Out Our Latest Stock Report on VEON
VEON Trading Down 8.7 %
The company has a fifty day simple moving average of $44.23 and a two-hundred day simple moving average of $38.17. The company has a market capitalization of $2.88 billion, a P/E ratio of 6.79 and a beta of 1.47. 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 issued 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. The business had revenue of $998.00 million for the quarter, compared to the consensus estimate of $1.01 billion. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.
Institutional Trading of VEON
Large investors have recently modified their holdings of the company. Rhumbline Advisers lifted its position in VEON by 300.0% during the 4th 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 last quarter. SBI Securities Co. Ltd. acquired a new position in shares of VEON during the 4th quarter worth about $58,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in VEON by 100.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,440 shares of the Wireless communications provider's stock valued at $58,000 after purchasing an additional 720 shares during the period. JPMorgan Chase & Co. grew its holdings 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 buying an additional 776 shares during the last quarter. Finally, R Squared Ltd bought a new position in VEON in the 4th quarter worth approximately $101,000. 21.30% of the stock is owned by institutional investors.
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.
Further Reading
Before you consider VEON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VEON wasn't on the list.
While VEON currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
