VEON (NASDAQ:VEON) Hits New 12-Month High at $32.64

VEON Ltd. (NASDAQ:VEON)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $32.64 and last traded at $31.97, with a volume of 4536 shares changing hands. The stock had previously closed at $31.60.

Analyst Upgrades and Downgrades

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

VEON Price Performance

The company has a 50 day moving average of $28.00 and a 200 day moving average of $26.13. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 4.90 and a beta of 1.56. 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 quarterly earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share for the quarter. The company had revenue of $1.03 billion during the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd grew its stake in shares of VEON by 30.4% in the first quarter. Helikon Investments Ltd now owns 2,533,075 shares of the Wireless communications provider’s stock valued at $60,819,000 after buying an additional 591,060 shares in the last quarter. Lingotto Investment Management LLP increased its position in 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 acquiring an additional 53,807 shares during the period. Wellington Management Group LLP grew its position in shares of VEON by 8.9% during 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 in the last quarter. Gabelli Funds LLC grew its position in VEON by 18.8% during the first quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock worth $3,109,000 after buying an additional 20,456 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in VEON during the 1st quarter worth $376,000. Institutional investors and hedge funds own 21.30% of the company’s stock.

VEON Company Profile

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.