VEON (NASDAQ:VEON) Shares Gap Up to $3.19
VEON Ltd (NASDAQ:VEON) shares gapped up before the market opened on Thursday . The stock had previously closed at $3.12, but opened at $3.19. VEON shares last traded at $3.20, with a volume of 8,524,277 shares changing hands.
Several equities research analysts have commented on VEON shares. Goldman Sachs Group raised shares of Altria Group from a “neutral” rating to a “buy” rating in a report on Thursday. ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. UBS Group lowered shares of JinkoSolar from a “buy” rating to a “neutral” rating and upped their price target for the company from $22.00 to $25.00 in a report on Monday, June 17th. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, July 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $3.19.
The firm has a market capitalization of $5.60 billion, a P/E ratio of -13.91 and a beta of 1.81. The business’s fifty day simple moving average is $2.60.
Institutional investors have recently modified their holdings of the business. Segantii Capital Management Ltd acquired a new position in shares of VEON in the first quarter worth about $10,450,000. Hsbc Holdings PLC raised its position in shares of VEON by 15.1% in the fourth quarter. Hsbc Holdings PLC now owns 1,481,318 shares of the Wireless communications provider’s stock worth $3,466,000 after acquiring an additional 194,554 shares during the period. Marshall Wace North America L.P. raised its position in shares of VEON by 2,866.4% in the first quarter. Marshall Wace North America L.P. now owns 1,042,217 shares of the Wireless communications provider’s stock worth $2,178,000 after acquiring an additional 1,007,083 shares during the period. Arete Wealth Advisors LLC acquired a new position in shares of VEON in the fourth quarter worth about $47,000. Finally, Geode Capital Management LLC raised its position in shares of VEON by 70.1% in the fourth quarter. Geode Capital Management LLC now owns 1,762,145 shares of the Wireless communications provider’s stock worth $4,123,000 after acquiring an additional 726,359 shares during the period. Institutional investors and hedge funds own 16.22% of the company’s stock.
VEON Company Profile (NASDAQ:VEON)
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.
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