VEON Ltd. (VEON) – What Are Researchers Thinking About This Stock?

Shares of VEON Ltd. (NASDAQ:VEON) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $90.33.

A number of equities research analysts have weighed in on VEON shares. Cantor Fitzgerald began coverage on shares of VEON in a report on Friday, October 2nd. They issued an “overweight” rating and a $112.00 price target for the company. Northland Securities set a $85.00 price objective on shares of VEON and gave the stock an “outperform” rating in a research note on Tuesday, September 29th. Zacks Research raised shares of VEON from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded shares of VEON from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings raised shares of VEON from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th.

Insiders Place Their Bets

In other VEON news, Director K II purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $56.02 per share, for a total transaction of $280,100.00. Following the completion of the transaction, the director owned 96,000 shares in the company, valued at $5,377,920. This represents a 5.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On VEON

A number of institutional investors and hedge funds have recently modified their holdings of VEON. QRG Capital Management Inc. grew its position in VEON by 10.7% during the 2nd quarter. QRG Capital Management Inc. now owns 19,436 shares of the Wireless communications provider’s stock worth $1,015,000 after purchasing an additional 1,879 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of VEON in the second quarter valued at $170,000. Cygnus Capital Advisors LLC raised its position in VEON by 36.8% during the second quarter. Cygnus Capital Advisors LLC now owns 53,180 shares of the Wireless communications provider’s stock valued at $2,777,000 after buying an additional 14,300 shares during the period. Handelsbanken Fonder AB lifted its stake in VEON by 7.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 7,400 shares of the Wireless communications provider’s stock worth $386,000 after acquiring an additional 500 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in VEON by 82.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 29,518 shares of the Wireless communications provider’s stock worth $1,541,000 after acquiring an additional 13,315 shares in the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

VEON Stock Down 0.5%

Shares of VEON stock opened at $80.46 on Thursday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market cap of $5.95 billion, a PE ratio of 21.11 and a beta of 1.62. The business’s fifty day moving average is $66.63 and its 200-day moving average is $57.20. VEON has a 1 year low of $42.60 and a 1 year high of $82.08.

VEON (NASDAQ:VEON) last announced its earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.23. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. VEON had a return on equity of 14.93% and a net margin of 1.24%. During the same quarter last year, the business posted $8.30 earnings per share. Equities analysts expect that VEON will post 7.39 earnings per share for the current fiscal year.

VEON Company Profile

VEON Ltd. is a global telecommunications and digital services company that provides mobile and fixed connectivity, communications services, and digital products through operating companies in emerging markets. Its services include voice and data plans, broadband access, mobile financial services, digital entertainment, and business solutions for consumers and enterprises.

VEON operates through well-known regional brands, including Kyivstar in Ukraine, Jazz in Pakistan, Banglalink in Bangladesh, and Beeline in Kazakhstan and Uzbekistan.