VEON (NASDAQ:VEON) Trading Up 5.1% - Should You Buy?

VEON Ltd. (NASDAQ:VEON - Get Free Report) shares rose 5.1% on Tuesday . The stock traded as high as $44.50 and last traded at $45.07. Approximately 27,305 shares changed hands during trading, a decline of 81% from the average daily volume of 145,969 shares. The stock had previously closed at $42.88.

Analyst Ratings Changes

Separately, Benchmark initiated coverage on VEON in a research report on Tuesday, November 12th. They set a "buy" rating and a $48.00 price objective for the company.

VEON Stock Up 5.2 %

The business has a fifty day moving average of $39.17 and a 200 day moving average of $32.71. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34.

VEON (NASDAQ:VEON - Get Free Report) last announced 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 81.71% and a positive return on equity of 36.48%.

Hedge Funds Weigh In On VEON

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 worth $58,000 after acquiring an additional 720 shares during the period. R Squared Ltd bought a new stake in VEON in the fourth quarter valued at $101,000. JPMorgan Chase & Co. increased its holdings in shares of VEON by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 776 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of VEON during the fourth quarter worth about $119,000. Finally, Samson Rock Capital LLP bought a new stake in VEON in the 3rd quarter worth about $913,000. 21.30% of the stock is owned by institutional investors and hedge funds.

VEON Company Profile

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.