BidaskClub upgraded shares of VEON (NASDAQ:VEON) from a sell rating to a hold rating in a research report released on Friday morning.

Several other equities analysts also recently issued reports on VEON. Bank of America cut shares of VEON from a buy rating to a neutral rating in a research report on Thursday, June 21st. Zacks Investment Research upgraded shares of VEON from a sell rating to a hold rating in a research report on Thursday, June 21st. JPMorgan Chase & Co. upgraded shares of VEON from a neutral rating to an overweight rating in a research report on Tuesday, July 3rd. Goldman Sachs Group upgraded shares of VEON from a neutral rating to a buy rating and set a $4.00 target price for the company in a research report on Thursday, July 5th. Finally, HSBC upgraded shares of VEON from a hold rating to a buy rating in a research report on Monday, August 20th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $3.50.

VEON opened at $2.92 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 3.02. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 48.67 and a beta of 2.47. VEON has a 52-week low of $2.20 and a 52-week high of $4.14.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of VEON by 44.6% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 60,741,135 shares of the Wireless communications provider’s stock valued at $144,564,000 after buying an additional 18,748,194 shares during the last quarter. Exor Investments UK LLP raised its position in shares of VEON by 3.8% in the third quarter. Exor Investments UK LLP now owns 37,657,792 shares of the Wireless communications provider’s stock valued at $109,208,000 after buying an additional 1,390,000 shares during the last quarter. Morgan Stanley raised its position in shares of VEON by 9.2% in the second quarter. Morgan Stanley now owns 19,187,951 shares of the Wireless communications provider’s stock valued at $45,667,000 after buying an additional 1,608,650 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of VEON in the second quarter valued at about $11,313,000. Finally, Millennium Management LLC raised its position in shares of VEON by 119.6% in the first quarter. Millennium Management LLC now owns 2,940,200 shares of the Wireless communications provider’s stock valued at $7,762,000 after buying an additional 1,601,588 shares during the last quarter. Institutional investors and hedge funds own 15.25% of the company’s stock.

About VEON

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.

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Analyst Recommendations for VEON (NASDAQ:VEON)

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