VEON (NASDAQ:VEON) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of VEON (NASDAQ:VEONGet Rating) in a research report sent to investors on Saturday. The firm issued a strong-buy rating on the Wireless communications provider’s stock.

VEON Stock Performance

Shares of NASDAQ VEON opened at $0.41 on Friday. The firm has a 50 day moving average of $0.45 and a 200 day moving average of $0.50. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 6.04. The firm has a market capitalization of $722.57 million, a price-to-earnings ratio of 2.01 and a beta of 1.38. VEON has a 12-month low of $0.24 and a 12-month high of $2.38.

VEON (NASDAQ:VEONGet Rating) last posted its quarterly earnings results on Tuesday, June 28th. The Wireless communications provider reported ($0.10) earnings per share for the quarter. The firm had revenue of $1.82 billion during the quarter. VEON had a return on equity of 28.38% and a net margin of 6.87%.

Hedge Funds Weigh In On VEON

A number of hedge funds have recently modified their holdings of VEON. Exor Capital LLP lifted its holdings in shares of VEON by 13.5% in the second quarter. Exor Capital LLP now owns 120,785,818 shares of the Wireless communications provider’s stock worth $55,561,000 after buying an additional 14,354,043 shares in the last quarter. Kopernik Global Investors LLC lifted its holdings in shares of VEON by 445.1% in the first quarter. Kopernik Global Investors LLC now owns 16,018,241 shares of the Wireless communications provider’s stock worth $10,937,000 after buying an additional 13,079,563 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of VEON by 89.8% in the first quarter. Van ECK Associates Corp now owns 13,619,567 shares of the Wireless communications provider’s stock worth $9,299,000 after buying an additional 6,442,890 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of VEON by 31.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 9,477,210 shares of the Wireless communications provider’s stock worth $16,206,000 after buying an additional 2,290,000 shares in the last quarter. Finally, Solus Alternative Asset Management LP purchased a new position in shares of VEON in the second quarter worth $2,939,000. 17.02% of the stock is currently owned by institutional investors.

VEON Company Profile

(Get Rating)

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. The company provides value-added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; wireless internet access; and mobile bundles and call completion services.

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