VEON Ltd (NASDAQ:VEON) Receives Average Recommendation of “Hold” from Brokerages
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.
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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