VEON (NASDAQ:VEON) Sees Unusually-High Trading Volume

VEON Ltd. (NASDAQ:VEONGet Free Report) saw unusually-high trading volume on Monday . Approximately 8,352 shares changed hands during trading, a decline of 51% from the previous session’s volume of 17,095 shares.The stock last traded at $19.18 and had previously closed at $19.35.

Analysts Set New Price Targets

VEON has been the topic of a number of research analyst reports. New Street Research initiated coverage on VEON in a report on Wednesday, October 11th. They set a “buy” rating on the stock. StockNews.com downgraded VEON from a “strong-buy” rating to a “buy” rating in a report on Monday, November 13th.

Get Our Latest Research Report on VEON

VEON Trading Up 0.3 %

The business has a fifty day simple moving average of $19.55 and a two-hundred day simple moving average of $18.29. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 2.55.

VEON (NASDAQ:VEONGet Free Report) last posted its earnings results on Monday, November 20th. The Wireless communications provider reported $0.07 earnings per share for the quarter. VEON had a return on equity of 102.03% and a net margin of 37.89%. The firm had revenue of $945.00 million for the quarter.

Institutional Trading of VEON

A number of hedge funds have recently made changes to their positions in VEON. JPMorgan Chase & Co. boosted its position in shares of VEON by 8.2% in the 1st quarter. JPMorgan Chase & Co. now owns 1,220,547 shares of the Wireless communications provider’s stock worth $833,000 after purchasing an additional 92,065 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of VEON by 85.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 68,681 shares of the Wireless communications provider’s stock worth $49,000 after purchasing an additional 31,706 shares in the last quarter. Cibc World Market Inc. bought a new stake in shares of VEON in the 1st quarter worth approximately $153,000. Vontobel Holding Ltd. bought a new stake in shares of VEON in the 1st quarter worth approximately $48,000. Finally, Allianz Asset Management GmbH boosted its position in shares of VEON by 1,979.1% in the 1st quarter. Allianz Asset Management GmbH now owns 5,498,638 shares of the Wireless communications provider’s stock worth $3,754,000 after purchasing an additional 5,234,162 shares in the last quarter. 13.86% of the stock is owned by institutional investors.

About VEON

(Get Free Report)

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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