VEON Ltd. (NASDAQ:VEON - Get Free Report) saw an uptick in trading volume on Tuesday after Benchmark raised their price target on the stock from $48.00 to $56.00. Benchmark currently has a buy rating on the stock. 43,891 shares changed hands during mid-day trading, a decline of 13% from the previous session's volume of 50,224 shares.The stock last traded at $43.73 and had previously closed at $44.96.
Hedge Funds Weigh In On VEON
Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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 valued at $29,000 after purchasing an additional 540 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of VEON in the fourth quarter valued at about $58,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 buying an additional 720 shares during the period. JPMorgan Chase & Co. lifted its position in VEON by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 776 shares in the last quarter. Finally, R Squared Ltd purchased a new position in VEON in the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 21.30% of the company's stock.
VEON Price Performance
The company has a market cap of $3.32 billion, a price-to-earnings ratio of 6.00 and a beta of 1.47. The company's 50-day simple moving average is $44.44 and its 200-day simple moving average is $35.99. 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 announced 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 36.48% and a negative net margin of 81.71%.
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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