VEON (NASDAQ:VEON) Sets New 52-Week High at $28.49

VEON Ltd. (NASDAQ:VEON) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $28.49 and last traded at $28.49, with a volume of 21865 shares. The stock had previously closed at $27.32.

Wall Street Analysts Forecast Growth

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

VEON Price Performance

The business has a 50-day moving average of $27.01 and a 200 day moving average of $25.71. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.77 and a quick ratio of 0.76.

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

Institutional Investors Weigh In On VEON

Hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI acquired a new position in VEON during the 4th quarter valued at about $50,000. Gamco Investors INC. ET AL purchased a new position in shares of VEON during the first quarter valued at approximately $376,000. Monaco Asset Management SAM grew its holdings in VEON by 8.5% during the first 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. Gabelli Funds LLC raised its position in VEON by 10.1% in the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock valued at $2,148,000 after buying an additional 10,000 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in VEON by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock valued at $10,645,000 after acquiring an additional 44,013 shares in the last quarter. 21.30% of the stock is owned by institutional investors.

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.