VEON Ltd. (NASDAQ:VEON - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $45.45 and traded as high as $52.50. VEON shares last traded at $52.00, with a volume of 158,109 shares traded.
Analysts Set New Price Targets
A number of brokerages recently issued reports 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. Litchfield Hills Research upgraded VEON to a "strong-buy" rating in a research note on Thursday, June 26th. Finally, Wall Street Zen upgraded VEON from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th.
Read Our Latest Stock Report on VEON
VEON Price Performance
The firm has a market capitalization of $4.05 billion, a P/E ratio of 8.61 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 50 day moving average of $48.17 and a 200-day moving average of $45.61.
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 (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.53. VEON had a return on equity of 36.24% and a net margin of 11.18%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $996.00 million.
Hedge Funds Weigh In On VEON
Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 635 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in VEON in the 4th quarter worth about $163,000. Bank of America Corp DE increased its holdings in VEON by 33.6% in the 4th quarter. Bank of America Corp DE now owns 26,468 shares of the Wireless communications provider's stock worth $1,061,000 after purchasing an additional 6,659 shares in the last quarter. Cyrus Capital Partners L.P. acquired a new position in VEON in the 4th quarter worth about $2,994,000. Finally, J. Goldman & Co LP acquired a new position in VEON in the 4th quarter worth about $2,084,000. Institutional investors and hedge funds own 21.30% of the company's stock.
VEON Company Profile
(
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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