VEON (NASDAQ:VEON) Sees Strong Trading Volume

VEON Ltd. (NASDAQ:VEON) shares saw unusually-strong trading volume on Thursday . Approximately 20,399 shares changed hands during trading, a decline of 33% from the previous session’s volume of 30,544 shares.The stock last traded at $30.00 and had previously closed at $29.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of VEON from a “buy” rating to a “strong-buy” rating in a report on Monday, August 5th.

VEON Stock Performance

The firm has a fifty day moving average price of $27.48 and a 200 day moving average price of $25.88. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 2.66.

VEON (NASDAQ:VEON) last issued its quarterly earnings data on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $1.03 billion during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VEON. Gamco Investors INC. ET AL acquired a new stake in VEON in the 1st quarter valued at about $376,000. Monaco Asset Management SAM grew its stake in shares of VEON by 8.5% during the first quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after purchasing an additional 2,030 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of VEON by 10.1% in the fourth quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock valued at $2,148,000 after purchasing an additional 10,000 shares in the last quarter. Wellington Management Group LLP raised its position in VEON by 8.9% in the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock worth $10,645,000 after purchasing an additional 44,013 shares during the last quarter. Finally, Helikon Investments Ltd lifted its holdings in VEON by 88.4% during the 4th quarter. Helikon Investments Ltd now owns 1,942,015 shares of the Wireless communications provider’s stock worth $38,258,000 after buying an additional 910,948 shares in the last quarter. 21.30% of the stock is owned by institutional investors.

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.