VEON Surged 18% Last Week: More Upside Left?

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The stock has gained 35.8% year-to-date to close yesterday’s trading session at $2.05.

Though the telecommunications sector is suffering from the adverse effects of the global semiconductor shortage, VEON has been expanding its operations through sizable investments and acquisitions in its key markets. This should boost the company’s performance in the long run, given the wealth of growth opportunities in the emerging markets.

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