Shares of VEON Ltd. (NASDAQ:VEON – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 74,343 shares changed hands during mid-day trading, an increase of 35% from the previous session’s volume of 55,022 shares.The stock last traded at $45.75 and had previously closed at $44.75.
Wall Street Analysts Forecast Growth
Separately, Benchmark increased their price objective on VEON from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, March 3rd.
Get Our Latest Stock Analysis on VEON
VEON Price Performance
VEON (NASDAQ:VEON – Get Free Report) last posted 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 have recently made changes to their positions in VEON. VR Advisory Services Ltd bought a new stake in shares of VEON in the 4th quarter valued at $1,712,000. Tidal Investments LLC bought a new stake in shares of VEON in the fourth quarter valued at approximately $484,000. J. Goldman & Co LP bought a new position in VEON in the 4th quarter valued at about $2,084,000. Diameter Capital Partners LP bought a new stake in VEON during the 4th quarter worth $25,161,000. Finally, Cubist Systematic Strategies LLC bought a new stake in VEON during the 4th quarter worth approximately $245,000. 21.30% of the stock is owned by institutional investors and hedge funds.
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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