VEON Ltd. (NASDAQ:VEON – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.00 and last traded at $33.90, with a volume of 27935 shares trading hands. The stock had previously closed at $32.15.
Analyst Upgrades and Downgrades
VEON has been the topic of several analyst reports. StockNews.com upgraded VEON from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 5th. Benchmark initiated coverage on VEON in a research note on Tuesday, November 12th. They issued a “buy” rating and a $48.00 price objective on the stock.
Check Out Our Latest Analysis on VEON
VEON Stock Performance
VEON (NASDAQ:VEON – Get Free Report) last posted its earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 EPS for the quarter. The firm had revenue of $1.03 billion for the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%.
Hedge Funds Weigh In On VEON
Large investors have recently bought and sold shares of the business. Lingotto Investment Management LLP grew its holdings in shares of VEON by 1.0% during the second quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider’s stock worth $139,754,000 after purchasing an additional 53,807 shares during the last quarter. Helikon Investments Ltd grew its holdings in shares of VEON by 1.8% during the third quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider’s stock worth $84,840,000 after purchasing an additional 49,680 shares during the last quarter. Citigroup Inc. grew its holdings in shares of VEON by 13.4% during the third quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock worth $7,567,000 after purchasing an additional 29,350 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of VEON during the third quarter worth about $2,069,000. Finally, Samson Rock Capital LLP purchased a new position in shares of VEON during the third quarter worth about $913,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.
About VEON
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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