VEON Ltd. (NASDAQ:VEON - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $48.00 and last traded at $47.12, with a volume of 43185 shares. The stock had previously closed at $44.70.
Analyst Ratings Changes
Separately, Benchmark began coverage on VEON in a research report on Tuesday, November 12th. They issued a "buy" rating and a $48.00 price target on the stock.
Get Our Latest Report on VEON
VEON Stock Up 3.1 %
The firm's fifty day simple moving average is $36.44 and its 200 day simple moving average is $31.21. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 7.26 and a beta of 1.51.
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 negative net margin of 77.48% and a positive return on equity of 28.73%.
Institutional Investors Weigh In On VEON
Several hedge funds and other institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in VEON in the third quarter valued at approximately $2,069,000. Samson Rock Capital LLP purchased a new position in shares of VEON in the 3rd quarter valued at $913,000. Citigroup Inc. raised its stake in VEON by 13.4% during the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock worth $7,567,000 after acquiring an additional 29,350 shares in the last quarter. Lingotto Investment Management LLP boosted its stake in 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 valued at $139,754,000 after acquiring an additional 53,807 shares in the last quarter. Finally, Helikon Investments Ltd grew its holdings 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 worth $84,840,000 after purchasing an additional 49,680 shares during the last quarter. 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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