VEON (NASDAQ:VEON) Stock Passes Above 200 Day Moving Average – Should You Sell?

VEON Ltd. (NASDAQ:VEON)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.66 and traded as high as $30.15. VEON shares last traded at $29.82, with a volume of 9,334 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of VEON from a “buy” rating to a “strong-buy” rating in a report on Monday, August 5th.

VEON Price Performance

The stock’s fifty day moving average is $28.77 and its 200-day moving average is $26.66. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 2.66.

VEON (NASDAQ:VEON) last issued its quarterly earnings data on Friday, August 30th. The Wireless communications provider reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $1.03 billion during the quarter.

Institutional Investors Weigh In On VEON

A number of large investors have recently bought and sold shares of VEON. Helikon Investments Ltd boosted its holdings in VEON by 30.4% in the first quarter. Helikon Investments Ltd now owns 2,533,075 shares of the Wireless communications provider’s stock worth $60,819,000 after purchasing an additional 591,060 shares in the last quarter. Lingotto Investment Management LLP boosted its holdings in VEON by 1.0% during the second quarter. Lingotto Investment Management LLP now owns 5,387,582 shares of the Wireless communications provider’s stock valued at $139,754,000 after acquiring an additional 53,807 shares during the period. Wellington Management Group LLP boosted its holdings in VEON by 8.9% during the fourth quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock valued at $10,645,000 after acquiring an additional 44,013 shares during the period. Samson Rock Capital LLP bought a new stake in VEON during the third quarter valued at about $913,000. Finally, Gabelli Funds LLC boosted its holdings in VEON by 18.8% during the first quarter. Gabelli Funds LLC now owns 129,496 shares of the Wireless communications provider’s stock valued at $3,109,000 after acquiring an additional 20,456 shares during the period. 21.30% of the stock is currently owned by institutional investors.

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.