VEON Ltd. (NASDAQ:VEON - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $49.40, but opened at $53.57. VEON shares last traded at $52.33, with a volume of 203,776 shares changing hands.
Analyst Ratings Changes
A number of brokerages have issued reports on VEON. Benchmark reissued a "buy" rating and set a $60.00 target price on shares of VEON in a research note 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 shares of VEON from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th.
Get Our Latest Stock Report on VEON
VEON Stock Down 1.6%
The stock has a market cap of $3.80 billion, a P/E ratio of 8.10 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 firm's fifty day moving average is $47.89 and its 200 day moving average is $45.20.
VEON (NASDAQ:VEON - Get Free Report) last posted 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. The company 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
Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in VEON by 21.3% in the first quarter. GAMMA Investing LLC now owns 3,613 shares of the Wireless communications provider's stock valued at $158,000 after acquiring an additional 635 shares during the last quarter. BNP Paribas Financial Markets bought a new position in VEON during the fourth quarter worth about $163,000. JPMorgan Chase & Co. increased its holdings in VEON by 120.8% in the 4th quarter. JPMorgan Chase & Co. now owns 5,848 shares of the Wireless communications provider's stock valued at $235,000 after buying an additional 3,200 shares during the period. Jane Street Group LLC bought a new stake in shares of VEON during the 4th quarter valued at approximately $236,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in VEON during the 4th quarter worth approximately $245,000. 21.30% of the stock is currently owned by institutional investors and hedge funds.
VEON Company Profile
(
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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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