VEON (NASDAQ:VEON) Sets New 1-Year High at $29.80

VEON Ltd. (NASDAQ:VEON)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $29.80 and last traded at $29.79, with a volume of 19784 shares traded. The stock had previously closed at $28.64.

Analyst Ratings Changes

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 Performance

The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66. The business’s 50-day simple moving average is $27.19 and its 200-day simple moving average is $25.78.

VEON (NASDAQ:VEON) last released its earnings results 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position 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 purchasing an additional 44,013 shares during the period. Gabelli Funds LLC raised its position in shares of VEON by 18.8% in the 1st 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 period. Helikon Investments Ltd raised its position in shares of VEON by 30.4% in the 1st quarter. Helikon Investments Ltd now owns 2,533,075 shares of the Wireless communications provider’s stock valued at $60,819,000 after acquiring an additional 591,060 shares during the period. National Bank of Canada FI acquired a new stake in shares of VEON in the 4th quarter valued at approximately $50,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of VEON in the 1st quarter valued at approximately $376,000. 21.30% of the stock is currently 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.