VEON Ltd. (NASDAQ:VEON) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of VEON Ltd. (NASDAQ:VEON) have been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $67.00.

Several research analysts recently commented on VEON shares. Wall Street Zen cut shares of VEON from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 26th. Rothschild & Co Redburn set a $74.00 target price on shares of VEON and gave the stock a “buy” rating in a report on Thursday, April 16th. Zacks Research cut shares of VEON from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Benchmark reiterated a “buy” rating on shares of VEON in a report on Friday, March 13th. Finally, Weiss Ratings cut shares of VEON from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings 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 worth $3,230,000 after acquiring an additional 1,923 shares in the last quarter. Lazard Asset Management LLC grew its holdings in VEON by 64.1% during the 1st quarter. Lazard Asset Management LLC now owns 7,597 shares of the Wireless communications provider’s stock worth $352,000 after acquiring an additional 2,967 shares in the last quarter. Dorsey Wright & Associates grew its holdings in VEON by 45.7% during the 1st quarter. Dorsey Wright & Associates now owns 35,457 shares of the Wireless communications provider’s stock worth $1,642,000 after acquiring an additional 11,129 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in VEON by 43.0% during the 1st 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 in the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in VEON by 14.4% during the 1st quarter. Personal CFO Solutions LLC now owns 4,689 shares of the Wireless communications provider’s stock worth $217,000 after acquiring an additional 592 shares in the last quarter. 21.30% of the stock is currently owned by institutional investors.

VEON Trading Down 2.1%

VEON stock opened at $51.53 on Friday. The company has a market capitalization of $3.81 billion, a PE ratio of 6.91 and a beta of 1.63. VEON has a 12 month low of $34.55 and a 12 month high of $64.00. The firm’s 50-day moving average is $51.95 and its 200 day moving average is $52.40. 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 (NASDAQ:VEON) last posted its quarterly 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%. On average, research analysts anticipate that VEON will post 8.56 EPS for the current 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.