River & Mercantile Asset Management LLP increased its holdings in shares of VEON Ltd (NASDAQ:VEON) by 27.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 618,597 shares of the Wireless communications provider’s stock after buying an additional 134,197 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in VEON were worth $1,797,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of VEON. Tower Research Capital LLC TRC raised its stake in shares of VEON by 85.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 63,137 shares of the Wireless communications provider’s stock valued at $150,000 after purchasing an additional 29,164 shares during the period. UBS Group AG raised its stake in shares of VEON by 45.4% in the 1st quarter. UBS Group AG now owns 78,632 shares of the Wireless communications provider’s stock valued at $208,000 after purchasing an additional 24,555 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of VEON in the 3rd quarter valued at about $225,000. Fosun International Ltd acquired a new stake in shares of VEON in the 3rd quarter valued at about $1,916,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of VEON in the 3rd quarter valued at about $3,302,000. 15.38% of the stock is currently owned by institutional investors and hedge funds.
VEON has been the topic of several recent research reports. HSBC raised VEON from a “hold” rating to a “buy” rating in a research note on Monday, August 20th. Goldman Sachs Group downgraded VEON from a “buy” rating to a “neutral” rating in a research note on Friday, October 12th. Zacks Investment Research raised VEON from a “sell” rating to a “buy” rating and set a $3.00 price target on the stock in a research note on Wednesday, August 22nd. BidaskClub cut VEON from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. Finally, ValuEngine upgraded VEON from a “hold” rating to a “buy” rating in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. VEON presently has a consensus rating of “Hold” and an average target price of $3.50.
Shares of NASDAQ VEON opened at $2.51 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.70. VEON Ltd has a fifty-two week low of $2.20 and a fifty-two week high of $4.11.
VEON (NASDAQ:VEON) last announced its quarterly earnings data on Thursday, November 8th. The Wireless communications provider reported ($0.41) earnings per share for the quarter. The company had revenue of $2.32 billion during the quarter. VEON had a negative net margin of 0.70% and a negative return on equity of 34.57%. As a group, research analysts predict that VEON Ltd will post 0.26 EPS for the current year.
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VEON Company Profile
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; 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; and mobile bundles.
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