VEON Ltd (VEON) Receives $5.38 Average PT from Analysts
Shares of VEON Ltd (NASDAQ:VEON) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.58.
VEON has been the subject of several recent research reports. BidaskClub cut VEON from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised VEON from a “sell” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Thursday, January 25th. Goldman Sachs Group cut VEON from a “buy” rating to a “neutral” rating in a research report on Thursday, February 8th. Finally, Gabelli reaffirmed a “buy” rating on shares of VEON in a research report on Friday, February 16th.
VEON (NASDAQ VEON) traded up $0.05 during mid-day trading on Wednesday, hitting $2.92. The stock had a trading volume of 5,384,968 shares, compared to its average volume of 5,556,331. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $5,040.00, a PE ratio of -10.25 and a beta of 2.15. VEON has a 52 week low of $2.85 and a 52 week high of $4.47.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC bought a new stake in VEON during the fourth quarter worth about $128,000. Virtu Financial LLC bought a new stake in VEON in the fourth quarter valued at approximately $182,000. Two Sigma Advisers LP bought a new stake in VEON in the fourth quarter valued at approximately $230,000. Guggenheim Capital LLC bought a new stake in VEON in the fourth quarter valued at approximately $355,000. Finally, Two Sigma Securities LLC bought a new stake in VEON in the fourth quarter valued at approximately $513,000. Institutional investors and hedge funds own 15.01% of the company’s stock.
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VEON Ltd., formerly VimpelCom Ltd., is a provider of communications services. The Company operates as personal internet platform. It integrates powerful data analytics and artificial intelligence, with a fresh take on messaging capabilities. It enables its users and communities to connect by voice, text, picture and video through a designed interface.
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