Separately, New Street Research assumed coverage on shares of VEON in a report on Wednesday, October 11th. They issued a buy rating on the stock.
VEON Price Performance
VEON (NASDAQ:VEON – Get Free Report) last issued its quarterly earnings results on Tuesday, August 29th. The Wireless communications provider reported $8.75 EPS for the quarter. The business had revenue of $916.00 million for the quarter.
Institutional Investors Weigh In On VEON
Large investors have recently modified their holdings of the stock. Helikon Investments Ltd bought a new position in VEON during the first quarter valued at $12,532,000. Jane Street Group LLC lifted its position in shares of VEON by 300.2% during the 4th quarter. Jane Street Group LLC now owns 83,495 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 62,633 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of VEON during the 1st quarter worth $28,000. Barclays PLC increased its holdings in VEON by 37.0% in the 3rd quarter. Barclays PLC now owns 5,920 shares of the Wireless communications provider’s stock worth $115,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Monaco Asset Management SAM bought a new stake in VEON in the 3rd quarter valued at about $195,000. Hedge funds and other institutional investors own 13.86% of the company’s stock.
VEON Ltd., together with 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; internet-TV services; digital and systems integration services; mobile financial services; and mobile bundles and call completion services.
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