Shares of VEON Ltd (NASDAQ:VEON) have received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $4.00.

A number of equities analysts have issued reports on VEON shares. BidaskClub raised VEON from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 13th. Zacks Investment Research raised VEON from a “sell” rating to a “hold” rating in a report on Thursday, June 14th. Bank of America cut VEON from a “buy” rating to a “neutral” rating in a report on Thursday, June 21st. JPMorgan Chase & Co. raised VEON from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 3rd. Finally, Goldman Sachs Group raised VEON from a “neutral” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Thursday, July 5th.

VEON traded up $0.06 on Friday, reaching $2.91. The stock had a trading volume of 8,133,158 shares, compared to its average volume of 2,048,030. VEON has a fifty-two week low of $2.20 and a fifty-two week high of $4.23. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 3.02. The stock has a market cap of $5.11 billion, a PE ratio of 48.50 and a beta of 2.50.

VEON (NASDAQ:VEON) last issued its earnings results on Thursday, August 2nd. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. VEON had a negative return on equity of 8.79% and a negative net margin of 5.38%. The business had revenue of $2.27 billion during the quarter. equities research analysts expect that VEON will post 0.19 EPS for the current year.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of VEON by 42.3% in the first quarter. BlackRock Inc. now owns 123,320 shares of the Wireless communications provider’s stock valued at $326,000 after buying an additional 36,651 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of VEON by 18.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 989,288 shares of the Wireless communications provider’s stock valued at $2,612,000 after buying an additional 154,853 shares during the period. Guggenheim Capital LLC increased its stake in shares of VEON by 65.2% in the first quarter. Guggenheim Capital LLC now owns 152,383 shares of the Wireless communications provider’s stock valued at $403,000 after buying an additional 60,159 shares during the period. Exane Derivatives increased its stake in shares of VEON by 933.9% in the second quarter. Exane Derivatives now owns 110,708 shares of the Wireless communications provider’s stock valued at $265,000 after buying an additional 100,000 shares during the period. Finally, Verde Servicos Internacionais S.A. acquired a new stake in shares of VEON in the second quarter valued at about $2,910,000. 15.25% of the stock is owned by institutional investors.

VEON Company Profile

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile Internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; and mobile bundles.

Featured Story: What is a Leveraged Buyout (LBO)?

Analyst Recommendations for VEON (NASDAQ:VEON)

Receive News & Ratings for VEON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VEON and related companies with MarketBeat.com's FREE daily email newsletter.