VEON Ltd. (NASDAQ:VEON - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $40.86 and last traded at $40.74, with a volume of 28205 shares traded. The stock had previously closed at $38.96.
Analyst Upgrades and Downgrades
Separately, Benchmark assumed coverage on shares of VEON in a research note on Tuesday, November 12th. They set a "buy" rating and a $48.00 price target on the stock.
Read Our Latest Research Report on VEON
VEON Stock Performance
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 firm has a market cap of $2.97 billion, a PE ratio of 6.33 and a beta of 1.55. The business has a 50-day simple moving average of $33.95 and a 200 day simple moving average of $29.97.
VEON (NASDAQ:VEON - Get Free Report) last released its earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a negative net margin of 77.48% and a positive return on equity of 28.73%.
Institutional Trading of VEON
Several institutional investors and hedge funds have recently modified their holdings of VEON. Lingotto Investment Management LLP lifted its holdings in VEON by 1.0% in 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 in the last quarter. Helikon Investments Ltd raised its position in shares of VEON by 1.8% during the third quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider's stock valued at $84,840,000 after buying an additional 49,680 shares during the last quarter. Citigroup Inc. raised its position in shares of 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of VEON in the third quarter worth $2,069,000. Finally, Samson Rock Capital LLP bought a new position in shares of VEON during the third quarter worth $913,000. 21.30% of the stock is currently 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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