VEON Ltd (NASDAQ:VEON) has earned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.00.

VEON has been the subject of several analyst reports. Zacks Investment Research lowered shares of VEON from a “buy” rating to a “hold” rating in a report on Friday, September 21st. BidaskClub raised shares of VEON from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 22nd. Goldman Sachs Group lowered shares of VEON from a “buy” rating to a “neutral” rating in a report on Friday, October 12th. ValuEngine raised shares of VEON from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Finally, HSBC raised shares of VEON from a “hold” rating to a “buy” rating in a report on Monday, August 20th.

A number of hedge funds have recently bought and sold shares of VEON. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in VEON by 44.6% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 60,741,135 shares of the Wireless communications provider’s stock worth $144,564,000 after purchasing an additional 18,748,194 shares during the period. First Trust Advisors LP bought a new position in VEON in the 2nd quarter worth approximately $11,313,000. Canada Pension Plan Investment Board boosted its stake in VEON by 3,302.9% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,067,645 shares of the Wireless communications provider’s stock worth $8,896,000 after purchasing an additional 2,977,496 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in VEON in the 3rd quarter worth approximately $8,045,000. Finally, Morgan Stanley boosted its stake in VEON by 14.0% in the 3rd quarter. Morgan Stanley now owns 21,882,958 shares of the Wireless communications provider’s stock worth $63,461,000 after purchasing an additional 2,695,007 shares during the period. Institutional investors and hedge funds own 15.38% of the company’s stock.

Shares of NASDAQ VEON traded down $0.11 during mid-day trading on Friday, reaching $2.63. The company had a trading volume of 1,718,854 shares, compared to its average volume of 2,063,162. The company has a market capitalization of $4.78 billion, a PE ratio of 43.83 and a beta of 2.14. VEON has a twelve month low of $2.20 and a twelve month high of $4.11. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 2.70.

VEON (NASDAQ:VEON) last released its earnings results on Thursday, November 8th. The Wireless communications provider reported ($0.41) earnings per share (EPS) for the quarter. The firm had revenue of $2.32 billion during the quarter. VEON had a negative return on equity of 34.57% and a negative net margin of 0.70%. As a group, analysts predict that VEON will post 0.26 EPS for the current year.

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.

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Analyst Recommendations for VEON (NASDAQ:VEON)

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