VEON Ltd. (NASDAQ:VEON - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 56,963 shares traded hands during trading, an increase of 8% from the previous session's volume of 52,844 shares.The stock last traded at $38.46 and had previously closed at $40.00.
Wall Street Analysts Forecast Growth
Separately, Benchmark lifted their price objective on VEON from $48.00 to $56.00 and gave the stock a "buy" rating in a report on Monday, March 3rd.
Get Our Latest Stock Analysis on VEON
VEON Trading Up 5.7 %
The company has a market cap of $3.11 billion, a price-to-earnings ratio of 5.62 and a beta of 1.47. The firm has a 50-day moving average price of $44.32 and a 200 day moving average price of $36.51. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 2.34.
VEON (NASDAQ:VEON - Get Free Report) last issued its earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in VEON. Rhumbline Advisers boosted its position in VEON by 300.0% during the 4th 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. 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 purchasing an additional 720 shares during the period. JPMorgan Chase & Co. boosted 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 valued at $81,000 after purchasing an additional 776 shares during the period. Geode Capital Management LLC boosted its position in VEON by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 43,322 shares of the Wireless communications provider's stock valued at $1,737,000 after purchasing an additional 1,254 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in VEON during the 4th quarter worth $58,000. Institutional investors and hedge funds own 21.30% of the company's stock.
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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