VEON (NASDAQ:VEON) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

VEON Ltd. (NASDAQ:VEON) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.03 and traded as high as $46.38. VEON shares last traded at $45.82, with a volume of 162,761 shares traded.

Analyst Upgrades and Downgrades

Separately, Benchmark started coverage on VEON in a research report on Tuesday, November 12th. They issued a “buy” rating and a $48.00 price target on the stock.

VEON Stock Up 0.8 %

The stock has a 50 day moving average price of $43.11 and a 200 day moving average price of $35.03. The company has a market capitalization of $3.39 billion, a P/E ratio of 6.13 and a beta of 1.52. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 2.34.

VEON (NASDAQ:VEON) last released its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a negative net margin of 81.71% and a positive return on equity of 36.48%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in VEON in the third quarter valued at approximately $2,069,000. Citigroup Inc. lifted its holdings in 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 acquiring an additional 29,350 shares during the period. Helikon Investments Ltd grew its position in VEON by 5.0% during the fourth quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock valued at $117,377,000 after buying an additional 138,149 shares during the period. Samson Rock Capital LLP raised its holdings in shares of VEON by 20.0% in the 4th quarter. Samson Rock Capital LLP now owns 36,000 shares of the Wireless communications provider’s stock worth $1,444,000 after purchasing an additional 6,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of VEON by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 776 shares during the last quarter. 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.