Shares of VEON Ltd. (NASDAQ:VEON – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.13 and traded as high as $27.20. VEON shares last traded at $27.07, with a volume of 11,425 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of VEON from a “buy” rating to a “hold” rating in a research note on Friday, June 28th.
Get Our Latest Research Report on VEON
VEON Price Performance
VEON (NASDAQ:VEON – Get Free Report) last announced its quarterly earnings data on Wednesday, June 26th. The Wireless communications provider reported $0.75 EPS for the quarter. The firm had revenue of $942.00 million during the quarter.
Institutional Trading of VEON
Hedge funds and other institutional investors have recently modified their holdings of the stock. National Bank of Canada FI bought a new stake in shares of VEON during the 4th quarter worth about $50,000. Gamco Investors INC. ET AL bought a new stake in shares of VEON during the 1st quarter worth about $376,000. Monaco Asset Management SAM boosted its holdings in shares of VEON by 138.0% during the 4th quarter. Monaco Asset Management SAM now owns 23,800 shares of the Wireless communications provider’s stock worth $469,000 after buying an additional 13,800 shares during the period. Gabelli Funds LLC boosted its holdings in shares of VEON by 10.1% during the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after buying an additional 10,000 shares during the period. Finally, Wellington Management Group LLP boosted its holdings 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 buying an additional 44,013 shares during the period. Institutional investors 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.
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