VEON (NASDAQ:VEON) Now Covered by Benchmark

Benchmark initiated coverage on shares of VEON (NASDAQ:VEON) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $48.00 price objective on the Wireless communications provider’s stock.

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

VEON Stock Up 0.7 %

NASDAQ VEON opened at $33.86 on Tuesday. The company’s fifty day moving average is $30.47 and its two-hundred day moving average is $27.78. VEON has a 52-week low of $18.50 and a 52-week high of $34.00. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.76 and a current ratio of 0.77.

VEON (NASDAQ:VEON) last released its quarterly earnings data on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $1.03 billion for the quarter. VEON had a positive return on equity of 28.73% and a negative net margin of 77.48%.

Hedge Funds Weigh In On VEON

A number of hedge funds have recently modified their holdings of VEON. Gamco Investors INC. ET AL bought a new stake in VEON in the first quarter valued at $376,000. 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 in the last quarter. Samson Rock Capital LLP bought a new stake in shares of VEON in the 3rd quarter worth about $913,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of VEON during the 3rd quarter worth about $2,069,000. Finally, Gabelli Funds LLC increased its position in shares of VEON by 18.8% during the 1st quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock worth $3,109,000 after purchasing an additional 20,456 shares in the last quarter. 21.30% of the stock is owned by institutional investors and hedge funds.

About VEON

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.