VEON Ltd. (NASDAQ:VEON) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of VEON Ltd. (NASDAQ:VEON) have earned an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $72.00.

Several equities analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of VEON in a research report on Monday, June 15th. Northland Securities started coverage on shares of VEON in a research report on Tuesday, June 9th. They set an “outperform” rating and a $70.00 price objective on the stock. Wall Street Zen raised shares of VEON from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research upgraded shares of VEON from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of VEON in a report on Thursday, August 13th.

Insider Activity at VEON

In other news, Director K II purchased 5,000 shares of VEON stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of $56.02 per share, with a total value of $280,100.00. Following the completion of the transaction, the director directly owned 96,000 shares of the company’s stock, valued at approximately $5,377,920. The trade was a 5.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of VEON

Institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its holdings in VEON by 36.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after acquiring an additional 388 shares in the last quarter. Royal Bank of Canada boosted its holdings in VEON by 184.3% in the 4th quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 1,576 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in VEON in the 2nd quarter worth $170,000. Truist Financial Corp raised its holdings in VEON by 5.1% during the fourth quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock valued at $211,000 after acquiring an additional 195 shares during the period. Finally, Personal CFO Solutions LLC lifted its position in shares of VEON by 14.4% in the first quarter. Personal CFO Solutions LLC now owns 4,689 shares of the Wireless communications provider’s stock valued at $217,000 after acquiring an additional 592 shares in the last quarter. 21.30% of the stock is currently owned by hedge funds and other institutional investors.

VEON Stock Down 1.9%

VEON stock opened at $67.87 on Friday. VEON has a twelve month low of $42.60 and a twelve month high of $69.50. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 2.30. The firm has a market cap of $5.02 billion, a PE ratio of 79.85 and a beta of 1.63. The business has a 50 day moving average of $56.94 and a 200 day moving average of $53.68.

VEON (NASDAQ:VEON) last released its earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.46 by $0.23. VEON had a return on equity of 14.93% and a net margin of 1.24%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the company posted $8.30 earnings per share. On average, research analysts forecast that VEON will post 7.39 EPS for the current fiscal year.

About VEON

VEON Ltd. (NASDAQ:VEON) is a global digital communications and services company that provides mobile connectivity, broadband, and digital products in high-growth markets. Its telecommunications operations serve consumers and businesses through mobile voice and data services, messaging, fixed broadband, and related connectivity solutions.

VEON operates through well-known local brands, including Kyivstar in Ukraine, Jazz in Pakistan, Banglalink in Bangladesh, and Beeline in Kazakhstan, Kyrgyzstan, and Uzbekistan.