VEON Ltd. (NASDAQ:VEON – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $32.80 and last traded at $31.66, with a volume of 55980 shares. The stock had previously closed at $31.10.
Analysts Set New Price Targets
Separately, StockNews.com upgraded VEON from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 5th.
Get Our Latest Stock Analysis on VEON
VEON Trading Up 5.7 %
VEON (NASDAQ:VEON – Get Free Report) last issued its earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%. The company had revenue of $1.03 billion during the quarter.
Institutional Trading of VEON
Institutional investors and hedge funds have recently bought and sold shares of the business. Helikon Investments Ltd grew its holdings in VEON by 8.1% during the second quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider’s stock worth $71,057,000 after acquiring an additional 206,200 shares during the period. Lingotto Investment Management LLP boosted its position in VEON by 1.0% in the 2nd 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 in the last quarter. Samson Rock Capital LLP acquired a new stake in shares of VEON during the 3rd quarter worth approximately $913,000. Gabelli Funds LLC increased its holdings in shares of VEON by 18.8% during the 1st quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock valued at $3,109,000 after purchasing an additional 20,456 shares in the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of VEON in the 1st quarter valued at $376,000. 21.30% of the stock is currently owned by institutional investors and hedge funds.
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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