Shares of VEON Ltd (NASDAQ:VEON) have been given a consensus rating of “Hold” by the nine brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $3.24.

A number of research firms have recently weighed in on VEON. ValuEngine cut VEON from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. BidaskClub raised VEON from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Zacks Investment Research raised VEON from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Sberbank CIB cut VEON from a “buy” rating to a “hold” rating in a report on Thursday, September 12th.

NASDAQ VEON opened at $2.50 on Tuesday. VEON has a fifty-two week low of $2.07 and a fifty-two week high of $3.28. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of -10.87, a price-to-earnings-growth ratio of 0.33 and a beta of 1.91. The business has a fifty day moving average of $2.48 and a 200-day moving average of $2.59. The company has a quick ratio of 0.41, a current ratio of 0.44 and a debt-to-equity ratio of 3.39.

VEON (NASDAQ:VEON) last released its quarterly earnings results on Monday, November 4th. The Wireless communications provider reported $0.02 earnings per share for the quarter. VEON had a return on equity of 10.31% and a net margin of 6.56%. The company had revenue of $2.22 billion during the quarter. As a group, analysts anticipate that VEON will post 0.29 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Morgan Stanley grew its position in shares of VEON by 68.9% in the second quarter. Morgan Stanley now owns 53,337,524 shares of the Wireless communications provider’s stock valued at $149,344,000 after purchasing an additional 21,762,727 shares during the period. Prosperity Capital Management Ltd grew its position in shares of VEON by 8.0% in the third quarter. Prosperity Capital Management Ltd now owns 48,165,876 shares of the Wireless communications provider’s stock valued at $115,598,000 after purchasing an additional 3,568,109 shares during the period. Exor Investments UK LLP grew its position in shares of VEON by 1.1% in the third quarter. Exor Investments UK LLP now owns 38,734,940 shares of the Wireless communications provider’s stock valued at $92,964,000 after purchasing an additional 402,800 shares during the period. TT International purchased a new stake in shares of VEON in the second quarter valued at $64,410,000. Finally, First Trust Advisors LP grew its position in shares of VEON by 8,472.1% in the third quarter. First Trust Advisors LP now owns 7,544,467 shares of the Wireless communications provider’s stock valued at $18,107,000 after purchasing an additional 7,456,455 shares during the period. 18.77% of the stock is owned by institutional investors and hedge funds.

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 mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.

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Analyst Recommendations for VEON (NASDAQ:VEON)

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