VEON's (VEON) "Buy" Rating Reaffirmed at Benchmark

Benchmark reissued their buy rating on shares of VEON (NASDAQ:VEON - Free Report) in a research report report published on Monday,Benzinga reports. The firm currently has a $60.00 target price on the Wireless communications provider's stock.

VEON Price Performance

Shares of VEON stock traded up $0.03 during midday trading on Monday, reaching $40.05. 185,951 shares of the company were exchanged, compared to its average volume of 102,459. The company's 50 day moving average price is $47.37 and its two-hundred day moving average price is $44.01. The company has a market cap of $2.96 billion, a P/E ratio of 6.32 and a beta of 1.51. VEON has a 12 month low of $25.38 and a 12 month high of $58.30. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.78 and a current ratio of 0.80.

VEON (NASDAQ:VEON - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The Wireless communications provider reported $1.36 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.53. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $996.00 million. VEON had a net margin of 11.18% and a return on equity of 36.24%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VEON. Jane Street Group LLC raised its position in VEON by 177.9% in the first quarter. Jane Street Group LLC now owns 16,374 shares of the Wireless communications provider's stock worth $714,000 after acquiring an additional 10,483 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of VEON by 84,690.0% during the 1st quarter. Jones Financial Companies Lllp now owns 16,958 shares of the Wireless communications provider's stock valued at $740,000 after purchasing an additional 16,938 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of VEON in the 1st quarter worth approximately $400,000. Cubist Systematic Strategies LLC grew its stake in shares of VEON by 783.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 53,936 shares of the Wireless communications provider's stock worth $2,352,000 after purchasing an additional 47,832 shares during the last quarter. Finally, Walleye Capital LLC raised its holdings in shares of VEON by 407.2% in the 1st quarter. Walleye Capital LLC now owns 33,362 shares of the Wireless communications provider's stock worth $1,455,000 after purchasing an additional 26,784 shares in the last quarter. Institutional investors own 21.30% of the company's stock.

About VEON

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.