Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, May 28th. Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a hold rating to a buy rating and set a $20.00 target price on the stock in a report on Friday, July 5th. Finally, UBS Group lowered shares of JinkoSolar from a buy rating to a neutral rating and boosted their target price for the stock from $22.00 to $25.00 in a report on Monday, June 17th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $3.19.
Shares of VEON stock opened at $3.17 on Tuesday. The company has a market cap of $5.57 billion, a price-to-earnings ratio of -13.78 and a beta of 1.81. The firm’s 50 day moving average is $2.61. VEON has a 1 year low of $2.07 and a 1 year high of $3.28.
VEON (NASDAQ:VEON) last announced its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. VEON had a net margin of 10.00% and a negative return on equity of 17.37%. The company had revenue of $2.12 billion for the quarter. As a group, analysts expect that VEON will post 0.39 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Segantii Capital Management Ltd bought a new stake in VEON during the 1st quarter worth approximately $10,450,000. Hsbc Holdings PLC lifted its position in shares of VEON by 15.1% in the 4th quarter. Hsbc Holdings PLC now owns 1,481,318 shares of the Wireless communications provider’s stock worth $3,466,000 after purchasing an additional 194,554 shares during the period. Marshall Wace North America L.P. lifted its position in shares of VEON by 2,866.4% in the 1st quarter. Marshall Wace North America L.P. now owns 1,042,217 shares of the Wireless communications provider’s stock worth $2,178,000 after purchasing an additional 1,007,083 shares during the period. Arete Wealth Advisors LLC acquired a new position in shares of VEON in the 4th quarter worth approximately $47,000. Finally, Geode Capital Management LLC lifted its position in shares of VEON by 70.1% in the 4th quarter. Geode Capital Management LLC now owns 1,762,145 shares of the Wireless communications provider’s stock worth $4,123,000 after purchasing an additional 726,359 shares during the period. 16.22% of the stock is currently owned by hedge funds and other institutional investors.
VEON Company Profile
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.
Further Reading: Current Ratio
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