Shares of VEON Ltd (NASDAQ:VEON) saw an uptick in trading volume on Friday . 10,461,975 shares traded hands during mid-day trading, an increase of 99% from the previous session’s volume of 5,268,640 shares.The stock last traded at $2.61 and had previously closed at $2.60.

A number of research firms have weighed in on VEON. Zacks Investment Research lowered shares of VEON from a “buy” rating to a “hold” rating in a research note on Saturday, July 13th. ValuEngine raised shares of VEON from a “hold” rating to a “buy” rating in a research note on Tuesday, May 28th. UBS Group raised shares of VEON from a “neutral” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Monday, June 17th. BidaskClub raised shares of VEON from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Finally, Bank of America raised shares of VEON from a “neutral” rating to a “buy” rating and set a $3.17 price objective on the stock in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. VEON currently has an average rating of “Buy” and an average target price of $3.19.

The stock has a market capitalization of $4.57 billion, a P/E ratio of -11.35 and a beta of 1.83. The business’s 50 day simple moving average is $2.94 and its two-hundred day simple moving average is $2.55. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 2.60.

VEON (NASDAQ:VEON) last released its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). VEON had a net margin of 12.37% and a negative return on equity of 15.89%. The business had revenue of $2.26 billion during the quarter. Analysts predict that VEON Ltd will post 0.39 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in shares of VEON by 68.9% during the second quarter. Morgan Stanley now owns 53,337,524 shares of the Wireless communications provider’s stock valued at $149,344,000 after purchasing an additional 21,762,727 shares in the last quarter. Prosperity Capital Management Ltd bought a new position in shares of VEON during the first quarter valued at about $93,487,000. Exor Investments UK LLP lifted its position in shares of VEON by 14.3% during the first quarter. Exor Investments UK LLP now owns 43,054,134 shares of the Wireless communications provider’s stock valued at $89,983,000 after purchasing an additional 5,396,342 shares in the last quarter. TT International bought a new position in shares of VEON during the second quarter valued at about $64,410,000. Finally, Acadian Asset Management LLC lifted its position in shares of VEON by 64.0% during the first quarter. Acadian Asset Management LLC now owns 5,765,425 shares of the Wireless communications provider’s stock valued at $12,051,000 after purchasing an additional 2,250,828 shares in the last quarter. 14.50% of the stock is currently owned by hedge funds and other institutional investors.

About VEON (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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