Notable Stock to Watch: VEON Ltd. (NASDAQ:VEON)

VEON Ltd. (NASDAQ:VEON) spotted trading -27.94% off 52-week high price. On the other end, the stock has been noted 14.01% away from the low price over the last 52-weeks. The stock changed 0.43% to recent value of $2.36. The stock transacted 980889 shares during most recent day however it has an average volume of 5646.26K shares. The company has 1696.61M of outstanding shares and 1696.61M shares were floated in the market.  

On Oct. 2, 2019, VEON Holdings B.V. a subsidiary of VEON Ltd. (NASDAQ:VEON) released the pricing of its $700,000,000 4.00% senior unsecured notes due 2025 (the Notes), which will be issued subject to market and other customary conditions (the Offering). The settlement date for the Offering is expected to be 9 October 2019.

The Issuer intends to use the net proceeds of the Offering primarily to refinance certain existing outstanding debt and address upcoming debt maturities, including drawings on the revolving credit facility used to fund the mandatory tender offer for Global Telecom Holding S.A.E., and for general corporate purposes. 

 Its earnings per share (EPS) expected to touch remained -245.20% for this year.VEON has a gross margin of 77.10% and an operating margin of 11.60% while its profit margin remained 15.70% for the last 12 months. 

 According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.88% from the mean of 20 days, -9.82% from mean of 50 days SMA and performed -6.74% from mean of 200 days price. Company’s performance for the week was -1.67%, -5.60% for month and YTD performance remained 0.85%.

Leave a Reply

Your email address will not be published. Required fields are marked *