Shares of VEON Ltd. (NASDAQ:VEON – Get Free Report) saw an uptick in trading volume on Thursday . 33,251 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 32,547 shares.The stock last traded at $36.00 and had previously closed at $36.26.
Wall Street Analyst Weigh In
Separately, Benchmark assumed coverage on shares of VEON in a report on Tuesday, November 12th. They set a “buy” rating and a $48.00 target price for the company.
Check Out Our Latest Stock Analysis on VEON
VEON Trading Down 1.7 %
Institutional Investors Weigh In On VEON
Several large investors have recently bought and sold shares of VEON. Samson Rock Capital LLP acquired a new position in shares of VEON in the 3rd quarter valued at $913,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in VEON in the third quarter valued at about $2,069,000. 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 acquiring an additional 29,350 shares in the last quarter. Helikon Investments Ltd raised its position in shares of VEON by 8.1% during the second quarter. Helikon Investments Ltd now owns 2,739,275 shares of the Wireless communications provider’s stock worth $71,057,000 after purchasing an additional 206,200 shares during the period. Finally, Lingotto Investment Management LLP lifted its holdings in shares of VEON by 1.0% during the 2nd quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider’s stock valued at $139,754,000 after purchasing an additional 53,807 shares in the last quarter. Institutional investors own 21.30% of the company’s stock.
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.
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