VEON Ltd. (NASDAQ:VEON - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $47.00, but opened at $38.78. VEON shares last traded at $39.93, with a volume of 861,286 shares traded.
Wall Street Analysts Forecast Growth
Separately, Benchmark raised their price objective on VEON from $56.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, March 25th.
Read Our Latest Stock Analysis on VEON
VEON Price Performance
The stock has a fifty day moving average price of $47.32 and a 200-day moving average price of $43.82. The company has a market cap of $2.83 billion, a PE ratio of 6.03 and a beta of 1.51. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80.
VEON (NASDAQ:VEON - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 36.48% and a negative net margin of 81.71%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $996.00 million.
Hedge Funds Weigh In On VEON
Several institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of VEON in the fourth quarter valued at about $58,000. GAMMA Investing LLC grew its position in shares of VEON by 5,190.9% in the first quarter. GAMMA Investing LLC now owns 157,563 shares of the Wireless communications provider's stock valued at $6,871,000 after purchasing an additional 154,585 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of VEON in the fourth quarter valued at about $163,000. Cyrus Capital Partners L.P. acquired a new stake in shares of VEON in the fourth quarter valued at about $2,994,000. Finally, Lingotto Investment Management LLP grew its position in shares of VEON by 2.9% in the fourth quarter. Lingotto Investment Management LLP now owns 5,740,438 shares of the Wireless communications provider's stock valued at $230,192,000 after purchasing an additional 159,714 shares during the last quarter. 21.30% of the stock is currently owned by institutional investors.
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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