VEON Ltd. (NASDAQ:VEON - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.14 and traded as high as $45.51. VEON shares last traded at $45.19, with a volume of 95,256 shares.
Analyst Upgrades and Downgrades
Separately, Benchmark assumed coverage on VEON in a research report on Tuesday, November 12th. They set a "buy" rating and a $48.00 target price on the stock.
Get Our Latest Stock Analysis on VEON
VEON Price Performance
The firm's 50-day moving average is $38.22 and its two-hundred day moving average is $32.14. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81.
VEON (NASDAQ:VEON - Get Free Report) last announced its quarterly earnings data on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share 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 institutional investors and hedge funds have recently made changes to their positions in the stock. Samson Rock Capital LLP purchased a new position in VEON during the third quarter worth approximately $913,000. Helikon Investments Ltd increased its stake in shares of VEON by 1.8% in the 3rd quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider's stock worth $84,840,000 after acquiring an additional 49,680 shares during the last quarter. Citigroup Inc. raised its holdings in shares of 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of VEON during the 3rd quarter valued at about $2,069,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of VEON by 41.5% in the third 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. 21.30% of the stock is currently owned by institutional investors and hedge funds.
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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