Dorsey Wright & Associates Raises Stock Holdings in VEON Ltd. $VEON

Dorsey Wright & Associates grew its position in VEON Ltd. (NASDAQ:VEON) by 45.7% during the first quarter, Holdings Channel reports. The institutional investor owned 35,457 shares of the Wireless communications provider’s stock after acquiring an additional 11,129 shares during the quarter. Dorsey Wright & Associates’ holdings in VEON were worth $1,642,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in VEON by 36.8% in the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock valued at $66,000 after acquiring an additional 388 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of VEON by 184.3% during the 4th quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 1,576 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of VEON by 5.1% during the 4th quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock valued at $211,000 after purchasing an additional 195 shares during the last quarter. Personal CFO Solutions LLC boosted its position in shares of VEON by 7.0% in the 4th quarter. Personal CFO Solutions LLC now owns 4,097 shares of the Wireless communications provider’s stock worth $215,000 after purchasing an additional 268 shares in the last quarter. Finally, CWM LLC acquired a new stake in shares of VEON in the 4th quarter worth $219,000. Hedge funds and other institutional investors own 21.30% of the company’s stock.

VEON Stock Up 0.0%

Shares of VEON stock opened at $51.62 on Friday. VEON Ltd. has a twelve month low of $42.60 and a twelve month high of $64.00. The stock has a market cap of $3.82 billion, a P/E ratio of 6.92 and a beta of 1.64. The stock has a 50 day moving average of $52.96 and a 200 day moving average of $52.43. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 2.15.

VEON (NASDAQ:VEON) last released its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $1.50 EPS for the quarter. VEON had a net margin of 11.65% and a return on equity of 44.43%. As a group, sell-side analysts expect that VEON Ltd. will post 6.99 EPS for the current year.

Analyst Ratings Changes

VEON has been the topic of a number of research analyst reports. Zacks Research lowered VEON from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Northland Securities initiated coverage on shares of VEON in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 price objective for the company. Weiss Ratings cut shares of VEON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Benchmark reissued a “buy” rating on shares of VEON in a research report on Monday, June 15th. Finally, Rothschild & Co Redburn set a $74.00 price target on shares of VEON and gave the company a “buy” rating in a research note on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $72.00.

About VEON

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.