VEON (NASDAQ:VEON) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of VEON (NASDAQ:VEON) from a buy rating to a hold rating in a research note released on Saturday morning.

Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of VEON from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Northland Securities assumed coverage on VEON in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 price objective for the company. Rothschild & Co Redburn set a $74.00 target price on VEON and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings cut VEON from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Benchmark reiterated a “buy” rating on shares of VEON in a research report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.00.

VEON Price Performance

Shares of NASDAQ:VEON opened at $52.29 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 2.15. The stock has a market capitalization of $3.87 billion, a PE ratio of 61.52 and a beta of 1.64. The firm’s 50 day moving average price is $52.49 and its 200-day moving average price is $52.40. VEON has a twelve month low of $42.60 and a twelve month high of $64.00.

VEON (NASDAQ:VEON) last announced its earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.23. VEON had a net margin of 11.65% and a return on equity of 44.43%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $8.30 earnings per share. Equities research analysts expect that VEON will post 6.99 EPS for the current year.

Hedge Funds Weigh In On VEON

Several large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in shares of VEON in the first quarter worth $400,000. Jones Financial Companies Lllp lifted its stake in shares of VEON by 84,690.0% during the 1st quarter. Jones Financial Companies Lllp now owns 16,958 shares of the Wireless communications provider’s stock valued at $740,000 after buying an additional 16,938 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of VEON by 177.9% during the 1st quarter. Jane Street Group LLC now owns 16,374 shares of the Wireless communications provider’s stock valued at $714,000 after buying an additional 10,483 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in VEON by 267.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 55,827 shares of the Wireless communications provider’s stock worth $2,572,000 after buying an additional 40,614 shares during the period. Finally, Bank of America Corp DE boosted its holdings in VEON by 1.0% in the 2nd quarter. Bank of America Corp DE now owns 53,571 shares of the Wireless communications provider’s stock worth $2,468,000 after buying an additional 538 shares during the period. Hedge funds and other institutional investors own 21.30% of the company’s stock.

Trending Headlines about VEON

Here are the key news stories impacting VEON this week:

• Positive Sentiment: Raised 2026 outlook: VEON increased its full-year revenue guidance to $5.1 billion-$5.2 billion, above the $4.9 billion analyst consensus, and also raised its EBITDA outlook. Reuters article
• Positive Sentiment: Digital business is gaining momentum: Second-quarter digital revenue rose 53.6% year over year to $342 million, representing 26.9% of group revenue, while digital EBITDA margin reached 36.1%. Total revenue increased 17.0% to $1.271 billion. VEON second-quarter results
• Positive Sentiment: Quarterly results exceeded expectations: VEON reported EPS of $1.69 versus the $1.59 consensus and revenue of $1.27 billion versus expectations of $1.23 billion. VEON earnings report
• Neutral Sentiment: CEO Kaan Terzioglu emphasized expanding beyond traditional telecommunications into broader digital services, while management highlighted additional digital investments in Ukraine. The strategy could support longer-term growth but depends on successful execution. VEON CEO interview
• Neutral Sentiment: Analysts cited a $72 price target, implying upside from the recent trading level, although another valuation analysis estimated approximately 13% downside, reflecting differing views on VEON’s fair value. Analyst price target article
• Negative Sentiment: Despite beating estimates, quarterly EPS fell substantially from $8.30 in the prior-year period. VEON also carries elevated leverage, with a debt-to-equity ratio of 2.15, which may limit investor enthusiasm.

About VEON

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.