VEON Ltd. (NASDAQ:VEON - Get Free Report) shares saw an uptick in trading volume on Wednesday . 69,727 shares changed hands during trading, a decline of 34% from the previous session's volume of 106,242 shares.The stock last traded at $44.56 and had previously closed at $45.18.
Analyst Upgrades and Downgrades
Separately, Benchmark started coverage on VEON in a research note on Tuesday, November 12th. They issued a "buy" rating and a $48.00 price objective for the company.
Get Our Latest Stock Analysis on VEON
VEON Price Performance
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 business's fifty day moving average price is $35.38 and its 200-day moving average price is $30.68. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 7.02 and a beta of 1.51.
VEON (NASDAQ:VEON - Get Free Report) last released its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 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%.
Hedge Funds Weigh In On VEON
Large investors have recently bought and sold shares of the stock. Lingotto Investment Management LLP raised its holdings in shares of VEON by 1.0% in the second 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 during the last quarter. Samson Rock Capital LLP purchased a new stake in VEON in the 3rd quarter valued at about $913,000. Helikon Investments Ltd lifted its position in shares of VEON by 1.8% during the 3rd quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider's stock worth $84,840,000 after buying an additional 49,680 shares in the last quarter. Citigroup Inc. lifted its position in shares of 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of VEON in the 3rd quarter worth approximately $2,069,000. 21.30% of the stock is currently 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.
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