|Bid||0.4900 x 312700|
|Ask||0.4943 x 900|
|Day's Range||0.4800 - 0.4990|
|52 Week Range||0.2400 - 2.3800|
|Beta (5Y Monthly)||1.62|
|PE Ratio (TTM)||2.26|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 26, 2020|
|1y Target Est||N/A|
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Telecommunications company Veon (NASDAQ:VEON) stock has been hurt by Russia’s invasion of Ukraine. From a 52-week high of $2.38, VEON stock slumped to 24 cents in early March 2022. However, the penny stock made a big comeback with a rally of 154% to current levels of nearly 60 cents. It seems the worst is over for VEON stock, and investors can expect further upside. Last month, Fitch and S&P downgraded the company’s credit rating to junk status. However, its rating was still few notches higher t
French telecoms firm Iliad is nearing a deal with rival Wind Tre in Italy to share the costs of rolling out their mobile network in the country, Iliad's chief executive said on Tuesday. "We're in the process of finalizing a network sharing agreement... that should strengthen our independence in the long term," Thomas Reynaud said in a call with reporters, when asked about a potential deal with Wind Tre. The deal with Wind Tre, owned by conglomerate Hutchinson would include about 7,000 mobile sites and cover more than 60% of Italy's territory, Reynaud said.
Thousands of telecom operator Veon employees are working from bomb shelters in Ukraine and moving equipment to border areas to maintain a digital lifeline for refugees fleeing the war, the company's chief executive said on Friday. Their work has helped some 85% of Veon's telecom network remain operational in Ukraine since Russia's Feb. 24 invasion, Veon CEO Kaan Terzioglu said in an exclusive interview with Reuters.