VEON Ltd. (NASDAQ:VEON - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.99 and traded as high as $32.67. VEON shares last traded at $31.60, with a volume of 21,730 shares.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. StockNews.com raised VEON from a "buy" rating to a "strong-buy" rating in a research report on Monday, August 5th. Benchmark began coverage on VEON in a research note on Tuesday, November 12th. They issued a "buy" rating and a $48.00 price target for the company.
Get Our Latest Research Report on VEON
VEON Trading Down 1.8 %
The business has a fifty day simple moving average of $30.88 and a two-hundred day simple moving average of $28.04. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66.
VEON (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share for the quarter. The firm had revenue of $1.03 billion during the quarter. VEON had a negative net margin of 77.48% and a positive return on equity of 28.73%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Helikon Investments Ltd lifted its stake in shares of VEON by 8.1% during the second quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider's stock valued at $71,057,000 after buying an additional 206,200 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of VEON in the 3rd quarter worth approximately $2,069,000. Lingotto Investment Management LLP boosted its holdings in shares of 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 worth $139,754,000 after buying an additional 53,807 shares during the period. Samson Rock Capital LLP acquired a new stake in VEON in the third quarter valued at approximately $913,000. Finally, Citigroup Inc. raised its position in shares of VEON by 13.4% in the third quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider's stock valued at $7,567,000 after purchasing an additional 29,350 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.
Read More
Before you consider VEON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VEON wasn't on the list.
While VEON currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
