VEON Ltd. (NASDAQ:VEON - Get Free Report) shares traded up 1.5% during mid-day trading on Friday . The company traded as high as $38.81 and last traded at $38.57. 33,526 shares were traded during mid-day trading, a decline of 4% from the average session volume of 35,023 shares. The stock had previously closed at $38.00.
Wall Street Analysts Forecast Growth
Separately, Benchmark began coverage on VEON in a research note on Tuesday, November 12th. They set a "buy" rating and a $48.00 target price for the company.
View Our Latest Research Report on VEON
VEON Price Performance
The company has a market cap of $2.88 billion, a P/E ratio of 6.14 and a beta of 1.55. The company's 50-day moving average price is $33.77 and its two-hundred day moving average price is $29.83. 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, December 13th. The Wireless communications provider reported $3.00 EPS for the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%.
Institutional Investors Weigh In On VEON
Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in VEON by 41.5% during the third quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 776 shares during the last quarter. Samson Rock Capital LLP acquired a new stake in shares of VEON during the third quarter worth $913,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of VEON in the 3rd quarter worth about $2,069,000. Citigroup Inc. boosted its holdings in shares of VEON by 13.4% in the 3rd 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 period. Finally, Helikon Investments Ltd grew its position in shares of VEON by 1.8% during the 3rd 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. 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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