This surge in price is attributed to a combination of factors, including positive investor sentiment, strong financial performance, and a favorable market environment. VEON, a global telecommunications company, operates in over 100 countries and provides a wide range of services, including mobile, fixed-line, and internet access. The company has been experiencing a period of significant growth and expansion, driven by its focus on emerging markets.
VEON (NASDAQ:VEON – Get Free Report) last released its earnings results 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 for the quarter. Institutional Inflows and Outflows Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in VEON by 8.9% during the 4th quarter. Wellington Management Group LLP now owns 540,347 shares of the Wireless communications provider’s stock valued at $10,645,000 after purchasing an additional 44,013 shares during the period. Gabelli Funds LLC raised its position in shares of VEON by 18.8% in the 1st 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. Helikon Investments Ltd raised its position in shares of VEON by 30.4% in the 1st quarter. Helikon Investments Ltd now owns 2,533,075 shares of the Wireless communications provider’s stock valued at $60,819,000 after acquiring an additional 591,060 shares during the period. National Bank of Canada FI acquired a new stake in shares of VEON in the 4th quarter valued at approximately $50,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of VEON in the 1st quarter valued at approximately $376,000. 21.30% of the stock is currently owned by institutional investors and hedge funds.
* **Connecting the World, One Affordable Connection at a Time**
* **VEON:
* VEON is a digital operator that provides connectivity and internet services in several countries. * It operates under the brand names of Mobilink, Jazz, and Beeline. * VEON’s primary focus is on providing affordable and accessible internet services to its customers. * The company has a strong presence in emerging markets.
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