VEON (NASDAQ:VEON) Now Covered by Analysts at Benchmark

Benchmark initiated coverage on shares of VEON (NASDAQ:VEON) in a research report report published on Tuesday, MarketBeat reports. The firm issued a buy rating and a $48.00 target price on the Wireless communications provider’s stock.

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

VEON Price Performance

VEON stock opened at $33.05 on Tuesday. The firm’s 50-day moving average is $30.60 and its two-hundred day moving average is $27.82. 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 has a 52 week low of $18.50 and a 52 week high of $34.00.

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

Institutional Trading of VEON

A number of large investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd lifted its position in shares of VEON by 8.1% during the 2nd quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider’s stock valued at $71,057,000 after acquiring an additional 206,200 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of VEON during the third quarter valued at $2,069,000. Lingotto Investment Management LLP lifted its holdings in shares of VEON by 1.0% during the second quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider’s stock valued at $139,754,000 after purchasing an additional 53,807 shares during the last quarter. Samson Rock Capital LLP acquired a new position in shares of VEON in the 3rd quarter valued at $913,000. Finally, Citigroup Inc. increased its stake in VEON by 13.4% in the 3rd quarter. Citigroup Inc. now owns 248,758 shares of the Wireless communications provider’s stock worth $7,567,000 after purchasing an additional 29,350 shares in the last quarter. 21.30% of the stock is currently owned by institutional investors.

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.