VEON (NASDAQ:VEON) Trading 6.8% Higher

VEON Ltd. (NASDAQ:VEON)’s stock price traded up 6.8% on Tuesday . The stock traded as high as $32.49 and last traded at $32.49. 58,173 shares were traded during trading, an increase of 87% from the average session volume of 31,082 shares. The stock had previously closed at $30.42.

Wall Street Analyst Weigh In

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

VEON Stock Performance

The company has a fifty day moving average of $27.90 and a two-hundred day moving average of $26.08. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66.

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

Institutional Trading of VEON

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lingotto Investment Management LLP increased its stake in VEON by 1.0% in 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 period. Helikon Investments Ltd increased its stake in VEON by 8.1% in the second quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider’s stock worth $71,057,000 after purchasing an additional 206,200 shares during the period. Gabelli Funds LLC increased its stake in VEON by 18.8% in the first quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock worth $3,109,000 after purchasing an additional 20,456 shares during the period. Gamco Investors INC. ET AL bought a new position in shares of VEON during the 1st quarter worth $376,000. Finally, Monaco Asset Management SAM grew its position in shares of VEON by 8.5% during the 1st quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock worth $620,000 after buying an additional 2,030 shares in the last quarter. 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.