VEON Ltd. (NASDAQ:VEON - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $59.68 and last traded at $50.85, with a volume of 348965 shares changing hands. The stock had previously closed at $45.48.
Analyst Ratings Changes
VEON has been the subject of several research analyst reports. Benchmark reaffirmed a "buy" rating and issued a $60.00 target price on shares of VEON in a research report on Monday, June 16th. Litchfield Hills Research raised shares of VEON to a "strong-buy" rating in a research note on Thursday, June 26th. Finally, Wall Street Zen raised VEON from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th.
View Our Latest Research Report on VEON
VEON Stock Performance
The company has a 50 day moving average of $47.43 and a two-hundred day moving average of $44.89. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.81 and a quick ratio of 0.80. The company has a market capitalization of $3.65 billion, a PE ratio of 7.79 and a beta of 1.44.
VEON (NASDAQ:VEON - Get Free Report) last released its earnings results 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. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $996.00 million. VEON had a net margin of 11.18% and a return on equity of 36.24%.
Hedge Funds Weigh In On VEON
Institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of VEON by 21.3% in the 1st quarter. GAMMA Investing LLC now owns 3,613 shares of the Wireless communications provider's stock worth $158,000 after buying an additional 635 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of VEON in the fourth quarter worth $163,000. JPMorgan Chase & Co. grew its stake in shares of VEON by 120.8% in the fourth quarter. JPMorgan Chase & Co. now owns 5,848 shares of the Wireless communications provider's stock worth $235,000 after acquiring an additional 3,200 shares during the last quarter. Jane Street Group LLC bought a new position in shares of VEON during the fourth quarter valued at $236,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of VEON in the 4th quarter worth about $245,000. Institutional investors own 21.30% of the company's stock.
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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