VEON Ltd. (NASDAQ:VEON) Stock Has Average Price Target of $90.33

VEON Ltd. (NASDAQ:VEON) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $90.33.

VEON has been the topic of a number of research analyst reports. Northland Securities set a $85.00 target price on VEON and gave the stock an “outperform” rating in a research note on Tuesday, September 29th. Zacks Research upgraded VEON from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Cantor Fitzgerald started coverage on shares of VEON in a report on Friday, October 2nd. They issued an “overweight” rating and a $112.00 price target on the stock. Wall Street Zen lowered shares of VEON from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings upgraded shares of VEON from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd.

VEON Price Performance

VEON opened at $79.01 on Monday. VEON has a 1 year low of $42.60 and a 1 year high of $89.00. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 92.95 and a beta of 1.65. The firm’s fifty day moving average price is $74.04 and its two-hundred day moving average price is $58.17.

Insider Transactions at VEON

In other news, Director K II acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $56.02 per share, for a total transaction of $280,100.00. Following the purchase, the director owned 96,000 shares of the company’s stock, valued at approximately $5,377,920. The trade was a 5.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On VEON

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in VEON during the 3rd quarter valued at about $53,000. Crossmark Global Holdings Inc. purchased a new stake in shares of VEON in the third quarter worth about $243,000. QRG Capital Management Inc. lifted its holdings in shares of VEON by 10.7% in the second quarter. QRG Capital Management Inc. now owns 19,436 shares of the Wireless communications provider’s stock worth $1,015,000 after buying an additional 1,879 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in VEON in the 2nd quarter valued at $170,000. Finally, Cygnus Capital Advisors LLC grew its position in shares of VEON by 36.8% during the 2nd quarter. Cygnus Capital Advisors LLC now owns 53,180 shares of the Wireless communications provider’s stock valued at $2,777,000 after purchasing an additional 14,300 shares in the last quarter. Institutional investors own 21.30% of the company’s stock.

About VEON

VEON Ltd. is a global digital communications and services company that provides mobile connectivity, fixed broadband, and digital products to consumers and businesses. The company operates through a portfolio of local telecommunications brands, offering voice and messaging services, mobile data, broadband access, and related enterprise solutions.

VEON’s principal operating brands include Kyivstar in Ukraine, Jazz in Pakistan, Banglalink in Bangladesh, and Beeline-branded businesses in Kazakhstan, Uzbekistan, and Kyrgyzstan.