VEON Ltd. (NASDAQ:VEON - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $62.00 and last traded at $60.44, with a volume of 565457 shares. The stock had previously closed at $58.10.
Wall Street Analyst Weigh In
VEON has been the subject of a number of analyst reports. Benchmark restated a "buy" rating and set a $60.00 price target on shares of VEON in a research note on Monday, June 16th. Wall Street Zen upgraded shares of VEON from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Finally, Litchfield Hills Research upgraded shares of VEON to a "strong-buy" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Strong Buy" and an average target price of $60.00.
Read Our Latest Research Report on VEON
VEON Trading Up 0.7%
The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.17. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 4.30 and a beta of 1.50. The business's fifty day moving average is $49.70 and its two-hundred day moving average is $47.10.
VEON (NASDAQ:VEON - Get Free Report) last released its earnings results on Thursday, August 7th. The Wireless communications provider reported $8.30 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $7.35. VEON had a net margin of 23.75% and a return on equity of 75.40%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.02 billion. VEON has set its FY 2025 guidance at EPS.
Institutional Trading of VEON
Institutional investors have recently bought and sold shares of the business. Samson Rock Capital LLP acquired a new stake in VEON during the 2nd quarter worth $138,000. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 635 shares during the period. BNP Paribas Financial Markets acquired a new stake in VEON during the 4th quarter worth $163,000. Engineers Gate Manager LP bought a new stake in VEON in the 2nd quarter valued at $243,000. Finally, Handelsbanken Fonder AB bought a new stake in VEON in the 2nd quarter valued at $267,000. Institutional investors and hedge funds 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.
Further Reading
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