VEON Ltd. (VEON) – What Are Analysts Thinking About This Stock?

Shares of VEON Ltd. (NASDAQ:VEON) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $90.33.

Several equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of VEON from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Wall Street Zen cut VEON from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 6th. Cantor Fitzgerald initiated coverage on VEON in a research report on Friday, October 2nd. They issued an “overweight” rating and a $112.00 price objective on the stock. Northland Securities set a $85.00 target price on VEON and gave the company an “outperform” rating in a research note on Tuesday, September 29th. Finally, Benchmark reissued a “buy” rating on shares of VEON in a report on Monday, June 15th.

Insider Activity

In other VEON news, Director K II purchased 15,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of $56.00 per share, with a total value of $840,000.00. Following the completion of the acquisition, the director directly owned 91,000 shares in the company, valued at $5,096,000. This trade represents a 19.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On VEON

Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in VEON by 2.8% during the 1st quarter. Bank of America Corp DE now owns 69,754 shares of the Wireless communications provider’s stock valued at $3,230,000 after acquiring an additional 1,923 shares during the period. Cygnus Capital Advisors LLC boosted its holdings 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 acquiring an additional 14,300 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in shares of VEON by 45.7% during the 1st quarter. Dorsey Wright & Associates now owns 35,457 shares of the Wireless communications provider’s stock valued at $1,642,000 after acquiring an additional 11,129 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of VEON by 82.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 29,518 shares of the Wireless communications provider’s stock worth $1,541,000 after acquiring an additional 13,315 shares during the period. Finally, Diversify Wealth Management LLC grew its stake in shares of VEON by 43.0% in the first quarter. Diversify Wealth Management LLC now owns 30,497 shares of the Wireless communications provider’s stock worth $1,497,000 after acquiring an additional 9,168 shares during the period. 21.30% of the stock is currently owned by institutional investors.

VEON Stock Performance

Shares of VEON stock opened at $80.81 on Thursday. VEON has a 1 year low of $42.60 and a 1 year high of $82.09. The firm’s 50-day moving average is $65.58 and its 200 day moving average is $56.74. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 95.07 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.97 and a quick ratio of 0.96.

VEON (NASDAQ:VEON) last released its quarterly earnings data on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.23. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. VEON had a net margin of 1.24% and a return on equity of 14.93%. During the same period last year, the business earned $8.30 EPS. Sell-side analysts anticipate that VEON will post 7.39 EPS for the current fiscal year.

VEON Company Profile

VEON Ltd. is a global telecommunications and digital services company that provides mobile and fixed connectivity, communications services, and digital products through operating companies in emerging markets. Its services include voice and data plans, broadband access, mobile financial services, digital entertainment, and business solutions for consumers and enterprises.

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