VEON Ltd. (NASDAQ:VEON - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $59.68 and last traded at $50.85, with a volume of 348965 shares trading hands. The stock had previously closed at $45.48.
Wall Street Analyst Weigh In
Several research firms have commented on VEON. Benchmark reissued a "buy" rating and issued a $60.00 target price on shares of VEON in a research report on Monday, June 16th. Wall Street Zen upgraded shares of VEON from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Finally, Litchfield Hills Research upgraded VEON to a "strong-buy" rating in a report on Thursday, June 26th.
View Our Latest Report on VEON
VEON Trading Up 9.0%
The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 8.49 and a beta of 1.44. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 2.17. The company has a fifty day moving average of $47.43 and a two-hundred day moving average of $44.99.
VEON (NASDAQ:VEON - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The Wireless communications provider reported $1.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.53. VEON had a net margin of 11.18% and a return on equity of 36.24%. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $996.00 million.
Institutional Investors Weigh In On VEON
Several hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in shares of VEON by 21.3% during the 1st quarter. GAMMA Investing LLC now owns 3,613 shares of the Wireless communications provider's stock worth $158,000 after purchasing an additional 635 shares during the last quarter. BNP Paribas Financial Markets bought a new position in VEON in the 4th quarter worth approximately $163,000. JPMorgan Chase & Co. lifted its holdings in shares of VEON by 120.8% during the fourth quarter. JPMorgan Chase & Co. now owns 5,848 shares of the Wireless communications provider's stock worth $235,000 after buying an additional 3,200 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of VEON in the fourth quarter valued at approximately $236,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of VEON in the fourth quarter worth $245,000. 21.30% of the stock is 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.
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