VEON Ltd. (NASDAQ:VEON – Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as $27.90 and last traded at $27.90, with a volume of 35003 shares traded. The stock had previously closed at $27.70.
Analyst Ratings Changes
Separately, StockNews.com lowered VEON from a “buy” rating to a “hold” rating in a report on Friday, June 28th.
Read Our Latest Stock Report on VEON
VEON Stock Up 1.1 %
VEON (NASDAQ:VEON – Get Free Report) last announced its quarterly earnings results on Wednesday, June 26th. The Wireless communications provider reported $0.75 earnings per share (EPS) for the quarter. The business had revenue of $942.00 million for the quarter.
Hedge Funds Weigh In On VEON
A number of institutional investors have recently modified their holdings of VEON. Shah Capital Management acquired a new stake in VEON during the 4th quarter worth approximately $97,544,000. Helikon Investments Ltd lifted its holdings in VEON by 8.1% during the 2nd quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider’s stock worth $71,057,000 after buying an additional 206,200 shares during the period. Wellington Management Group LLP raised its position in shares of VEON by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock worth $10,645,000 after acquiring an additional 44,013 shares during the last quarter. Gabelli Funds LLC boosted its holdings in VEON by 18.8% in the first quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock valued at $3,109,000 after acquiring an additional 20,456 shares during the last quarter. Finally, Monaco Asset Management SAM boosted its stake in shares of VEON by 8.5% in the 1st quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock valued at $620,000 after purchasing an additional 2,030 shares during the last quarter. Institutional investors and hedge funds 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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