VEON Ltd. (NASDAQ:VEON - Get Free Report) saw an uptick in trading volume on Tuesday . 24,915 shares changed hands during mid-day trading, a decline of 31% from the previous session's volume of 36,260 shares.The stock last traded at $41.62 and had previously closed at $40.19.
Wall Street Analyst Weigh In
Separately, Benchmark started coverage on shares of VEON in a report on Tuesday, November 12th. They set a "buy" rating and a $48.00 price objective on the stock.
Check Out Our Latest Stock Analysis on VEON
VEON Stock Down 0.2 %
The firm has a 50 day moving average of $34.14 and a two-hundred day moving average of $30.07. The stock has a market capitalization of $2.97 billion, a PE ratio of 6.31 and a beta of 1.55. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66.
VEON (NASDAQ:VEON - Get Free Report) last posted its earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share for the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%.
Institutional Trading of VEON
Several large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of VEON in the third quarter valued at $2,069,000. Samson Rock Capital LLP acquired a new position in VEON in the 3rd quarter valued at about $913,000. Citigroup Inc. lifted its holdings in VEON by 13.4% in the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock valued at $7,567,000 after purchasing an additional 29,350 shares in the last quarter. Lingotto Investment Management LLP boosted its stake in shares of 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 worth $139,754,000 after purchasing an additional 53,807 shares during the last quarter. Finally, Helikon Investments Ltd boosted its stake 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 purchasing an additional 49,680 shares during the last quarter. 21.30% of the stock is currently owned by institutional investors and hedge funds.
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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