VEON (NASDAQ:VEON) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

VEON Ltd. (NASDAQ:VEON)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.14 and traded as high as $45.51. VEON shares last traded at $45.19, with a volume of 95,256 shares.

Analyst Ratings Changes

Separately, Benchmark assumed coverage on VEON in a report on Tuesday, November 12th. They issued a “buy” rating and a $48.00 price target for the company.

VEON Stock Up 0.7 %

The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 2.34. The stock has a 50 day moving average of $38.70 and a 200 day moving average of $32.36. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 5.13 and a beta of 1.51.

VEON (NASDAQ:VEON) last announced its quarterly earnings results on Friday, December 13th. The Wireless communications provider reported $3.00 earnings per share (EPS) for the quarter. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%.

Institutional Investors Weigh In On VEON

A number of institutional investors and hedge funds have recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of VEON in the fourth quarter worth $101,000. Helikon Investments Ltd lifted its stake in VEON by 5.0% in the 4th quarter. Helikon Investments Ltd now owns 2,927,104 shares of the Wireless communications provider’s stock worth $117,377,000 after acquiring an additional 138,149 shares in the last quarter. GAMMA Investing LLC acquired a new stake in VEON during the 4th quarter worth about $119,000. JPMorgan Chase & Co. grew its stake in VEON by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,648 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 776 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of VEON in the 3rd quarter valued at about $2,069,000. 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.