VEON Ltd. (NASDAQ:VEON - Get Free Report) shot up 9% during mid-day trading on Tuesday . The stock traded as high as $40.62 and last traded at $41.41. 11,518 shares were traded during trading, a decline of 81% from the average session volume of 60,188 shares. The stock had previously closed at $38.00.
Wall Street Analysts Forecast Growth
Separately, Benchmark lifted their price target on VEON from $56.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, March 25th.
Read Our Latest Research Report on VEON
VEON Stock Down 1.1 %
The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.80 and a current ratio of 0.81. The company has a market cap of $2.92 billion, a PE ratio of 6.88 and a beta of 1.39. The company has a fifty day moving average of $43.40 and a two-hundred day moving average of $38.69.
VEON (NASDAQ:VEON - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The Wireless communications provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.92 by $0.06. The company had revenue of $998.00 million for the quarter, compared to the consensus estimate of $1.01 billion. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.
Institutional Investors Weigh In On VEON
Institutional investors and hedge funds have recently modified their holdings of the business. Lingotto Investment Management LLP grew its position in VEON by 2.9% in the 4th quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider's stock valued at $230,192,000 after acquiring an additional 159,714 shares during the last quarter. Helikon Investments Ltd grew its holdings in shares of VEON by 5.0% in the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider's stock worth $117,377,000 after purchasing an additional 138,149 shares during the last quarter. Diameter Capital Partners LP purchased a new position in VEON in the 4th quarter worth about $25,161,000. GAMMA Investing LLC increased its stake in VEON by 5,190.9% in the 1st quarter. GAMMA Investing LLC now owns 157,563 shares of the Wireless communications provider's stock worth $6,871,000 after buying an additional 154,585 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in VEON by 2.2% during the 4th quarter. Russell Investments Group Ltd. now owns 117,808 shares of the Wireless communications provider's stock valued at $4,724,000 after buying an additional 2,512 shares in the last quarter. 21.30% of the stock is 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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