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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 debt-to-equity ratio of 2.66, a quick ratio of 0.76 and a current ratio of 0.77. The firm’s fifty day simple moving average is $27.19 and its 200 day simple moving average is $25.78.

VEON (NASDAQ:VEON) last announced its earnings results on Friday, August 30th. The Wireless communications provider reported $1.00 EPS for the quarter. The company had revenue of $1.03 billion for the quarter.

Hedge Funds Weigh In On VEON

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI bought a new position in shares of VEON during the 4th quarter worth approximately $50,000. Gamco Investors INC. ET AL bought a new position in shares of VEON during the 1st quarter worth approximately $376,000. Monaco Asset Management SAM grew its stake in shares of VEON by 8.5% during the 1st quarter. Monaco Asset Management SAM now owns 25,830 shares of the Wireless communications provider’s stock worth $620,000 after acquiring an additional 2,030 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of VEON by 10.1% during the 4th quarter. Gabelli Funds LLC now owns 109,040 shares of the Wireless communications provider’s stock worth $2,148,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of VEON by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock worth $10,645,000 after acquiring an additional 44,013 shares in the last quarter. 21.30% of the stock is 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.