VEON (NASDAQ:VEON) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of VEON (NASDAQ:VEONGet Rating) in a research note issued to investors on Sunday. The firm set a “strong-buy” rating on the Wireless communications provider’s stock.

VEON Stock Performance

Shares of VEON opened at $0.36 on Friday. The business’s fifty day moving average price is $0.45 and its 200 day moving average price is $0.50. VEON has a 12-month low of $0.24 and a 12-month high of $2.38. The stock has a market capitalization of $629.86 million, a PE ratio of 2.20 and a beta of 1.38. The company has a debt-to-equity ratio of 6.04, a current ratio of 0.62 and a quick ratio of 0.60.

VEON (NASDAQ:VEONGet Rating) last issued its earnings results on Tuesday, June 28th. The Wireless communications provider reported ($0.10) earnings per share for the quarter. VEON had a return on equity of 28.38% and a net margin of 6.87%. The company had revenue of $1.82 billion during the quarter.

Institutional Investors Weigh In On VEON

Several large investors have recently added to or reduced their stakes in the stock. Exor Capital LLP increased its holdings in shares of VEON by 13.5% during the second quarter. Exor Capital LLP now owns 120,785,818 shares of the Wireless communications provider’s stock valued at $55,561,000 after purchasing an additional 14,354,043 shares during the period. Kopernik Global Investors LLC increased its holdings in shares of VEON by 445.1% during the first quarter. Kopernik Global Investors LLC now owns 16,018,241 shares of the Wireless communications provider’s stock valued at $10,937,000 after purchasing an additional 13,079,563 shares during the period. Van ECK Associates Corp increased its holdings in shares of VEON by 89.8% during the first quarter. Van ECK Associates Corp now owns 13,619,567 shares of the Wireless communications provider’s stock valued at $9,299,000 after purchasing an additional 6,442,890 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of VEON by 31.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 9,477,210 shares of the Wireless communications provider’s stock valued at $16,206,000 after purchasing an additional 2,290,000 shares during the period. Finally, Solus Alternative Asset Management LP acquired a new position in shares of VEON during the second quarter valued at $2,939,000. 17.02% of the stock is owned by institutional investors and hedge funds.

VEON Company Profile

(Get Rating)

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. The company provides value-added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; wireless internet access; and mobile bundles and call completion services.

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