VEON Ltd. (NASDAQ:VEON) Given Average Recommendation of “Hold” by Brokerages

Shares of VEON Ltd. (NASDAQ:VEON) have earned a consensus rating of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $72.00.

Several equities research analysts recently weighed in on VEON shares. Weiss Ratings cut shares of VEON from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Zacks Research lowered VEON from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Wall Street Zen cut VEON from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 26th. Benchmark reiterated a “buy” rating on shares of VEON in a research report on Monday, June 15th. Finally, Rothschild & Co Redburn set a $74.00 price objective on VEON and gave the stock a “buy” rating in a report on Thursday, April 16th.

Institutional Investors Weigh In On VEON

Institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. raised its stake in shares of VEON by 36.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock valued at $66,000 after buying an additional 388 shares in the last quarter. Royal Bank of Canada increased its stake in VEON by 184.3% in the fourth quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock valued at $128,000 after acquiring an additional 1,576 shares during the period. Truist Financial Corp raised its position in VEON by 5.1% in the fourth quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock worth $211,000 after purchasing an additional 195 shares in the last quarter. Personal CFO Solutions LLC raised its position in VEON by 7.0% in the fourth quarter. Personal CFO Solutions LLC now owns 4,097 shares of the Wireless communications provider’s stock worth $215,000 after purchasing an additional 268 shares in the last quarter. Finally, CWM LLC bought a new position in VEON during the fourth quarter worth about $219,000. Institutional investors own 21.30% of the company’s stock.

VEON Stock Performance

Shares of VEON stock traded up $0.22 during midday trading on Tuesday, hitting $53.35. The company had a trading volume of 47,995 shares, compared to its average volume of 97,936. The business’s 50 day simple moving average is $52.51 and its two-hundred day simple moving average is $52.42. The stock has a market cap of $3.95 billion, a PE ratio of 7.15 and a beta of 1.64. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.86 and a quick ratio of 0.85. VEON has a 1-year low of $42.60 and a 1-year high of $64.00.

VEON (NASDAQ:VEON) last released its earnings results on Thursday, April 30th. The Wireless communications provider reported $1.50 EPS for the quarter. VEON had a net margin of 11.65% and a return on equity of 44.43%. As a group, equities analysts predict that VEON will post 6.99 EPS for the current fiscal year.

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.