VEON Ltd (VEON) Receives Average Recommendation of “Hold” from Analysts
Shares of VEON Ltd (NASDAQ:VEON) have received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.45.
Several equities analysts recently commented on VEON shares. Zacks Investment Research downgraded VEON from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub downgraded VEON from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 26th. Finally, ValuEngine upgraded VEON from a “sell” rating to a “hold” rating in a research report on Monday, September 11th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Investec Asset Management LTD bought a new position in VEON in the 3rd quarter valued at $25,977,000. Investec Asset Management North America Inc. bought a new position in VEON in the 3rd quarter valued at $6,799,000. Geode Capital Management LLC bought a new position in VEON in the 1st quarter valued at $2,884,000. Schwab Charles Investment Management Inc. bought a new position in VEON in the 1st quarter valued at $899,000. Finally, Credit Suisse AG bought a new position in VEON in the 1st quarter valued at $421,000. Hedge funds and other institutional investors own 15.24% of the company’s stock.
Receive News & Ratings for VEON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VEON and related companies with MarketBeat.com's FREE daily email newsletter.