Shares of VEON Ltd. (NASDAQ:VEON - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 160,880 shares changed hands during trading, an increase of 33% from the previous session's volume of 120,886 shares.The stock last traded at $46.10 and had previously closed at $43.65.
Wall Street Analyst Weigh In
Separately, Benchmark started coverage on VEON in a research note on Tuesday, November 12th. They set a "buy" rating and a $48.00 price objective on the stock.
Get Our Latest Report on VEON
VEON Stock Down 1.0 %
The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80. The stock has a market capitalization of $3.35 billion, a P/E ratio of 6.05 and a beta of 1.52. The stock has a 50 day moving average price of $41.95 and a 200-day moving average price of $34.26.
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 (EPS) for the quarter. 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 business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of VEON in the third quarter worth about $2,069,000. Citigroup Inc. grew its stake in shares of VEON by 13.4% in the third quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock worth $7,567,000 after purchasing an additional 29,350 shares during the last quarter. Helikon Investments Ltd grew its stake in shares of VEON by 5.0% in the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock worth $117,377,000 after purchasing an additional 138,149 shares during the last quarter. Samson Rock Capital LLP boosted its position in VEON by 20.0% during the 4th quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider's stock valued at $1,444,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position 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 acquiring an additional 720 shares in the last quarter. 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.
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