Shares of VEON Ltd. (NASDAQ:VEON - Get Free Report) saw an uptick in trading volume on Tuesday . 31,711 shares were traded during trading, a decline of 9% from the previous session's volume of 34,836 shares.The stock last traded at $38.25 and had previously closed at $38.14.
Wall Street Analyst Weigh In
Separately, Benchmark initiated coverage on shares of VEON in a research note on Tuesday, November 12th. They set a "buy" rating and a $48.00 price objective for the company.
Check Out Our Latest Stock Analysis on VEON
VEON Stock Down 2.3 %
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 stock has a market capitalization of $2.76 billion, a PE ratio of 5.87 and a beta of 1.55. The company has a 50 day moving average price of $33.11 and a 200-day moving average price of $29.56.
VEON (NASDAQ:VEON - Get Free Report) last issued its quarterly earnings data on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a negative net margin of 77.48% and a positive return on equity of 28.73%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in VEON. Samson Rock Capital LLP bought a new position in shares of VEON during the third quarter valued at approximately $913,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in VEON during the 3rd quarter valued at approximately $2,069,000. Citigroup Inc. raised its stake in VEON by 13.4% during the third quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock valued at $7,567,000 after buying an additional 29,350 shares during the last quarter. Helikon Investments Ltd boosted its holdings in VEON by 8.1% in the second quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider's stock worth $71,057,000 after acquiring an additional 206,200 shares in the last quarter. Finally, Lingotto Investment Management LLP grew its stake 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 worth $139,754,000 after acquiring an additional 53,807 shares during the last quarter. Hedge funds and other 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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