VEON (NASDAQ:VEON) Now Covered by Benchmark

Benchmark assumed coverage on shares of VEON (NASDAQ:VEON) in a research report sent to investors on Tuesday morning, Marketbeat Ratings 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 Stock Performance

VEON stock opened at $33.34 on Tuesday. VEON has a fifty-two week low of $17.11 and a fifty-two week high of $34.00. The stock has a fifty day moving average of $30.18 and a 200-day moving average of $27.67. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 2.66.

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

Institutional Investors Weigh In On VEON

Institutional investors and hedge funds have recently modified their holdings of the company. Lingotto Investment Management LLP grew its stake in 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 acquiring an additional 53,807 shares in the last quarter. Helikon Investments Ltd grew its position in shares of VEON by 1.8% during the 3rd quarter. Helikon Investments Ltd now owns 2,788,955 shares of the Wireless communications provider’s stock valued at $84,840,000 after purchasing an additional 49,680 shares in the last quarter. Citigroup Inc. increased its holdings in shares of VEON by 13.4% in the third 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 during the period. Gabelli Funds LLC raised its position in shares of VEON by 18.8% in the first quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock worth $3,109,000 after buying an additional 20,456 shares in the last quarter. Finally, Samson Rock Capital LLP bought a new stake in VEON during the third quarter valued at $913,000. 21.30% of the stock is owned by hedge funds and other 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.