VEON Ltd. (NASDAQ:VEON - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.90 and traded as high as $57.35. VEON shares last traded at $57.11, with a volume of 134,699 shares changing hands.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating and set a $60.00 price target on shares of VEON in a research report on Monday, June 16th. Wall Street Zen raised VEON from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Finally, Litchfield Hills Research raised VEON to a "strong-buy" rating in a research report on Thursday, June 26th.
Get Our Latest Stock Analysis on VEON
VEON Stock Performance
The stock has a fifty day moving average of $48.18 and a 200-day moving average of $45.97. The firm has a market capitalization of $3.74 billion, a P/E ratio of 7.97 and a beta of 1.50. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.17.
VEON (NASDAQ:VEON - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The Wireless communications provider reported $1.36 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.53. VEON had a net margin of 11.18% and a return on equity of 36.24%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $996.00 million.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of VEON. GAMMA Investing LLC boosted its position in shares of 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 in the last quarter. BNP Paribas Financial Markets acquired a new position in VEON in the fourth quarter valued at $163,000. JPMorgan Chase & Co. grew its stake in VEON by 120.8% during the fourth quarter. JPMorgan Chase & Co. now owns 5,848 shares of the Wireless communications provider's stock worth $235,000 after purchasing an additional 3,200 shares during the period. Jane Street Group LLC acquired a new stake in VEON in the fourth quarter worth $236,000. Finally, Cubist Systematic Strategies LLC acquired a new position in VEON during the 4th quarter worth approximately $245,000. 21.30% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
Before you consider VEON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VEON wasn't on the list.
While VEON currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
