VEON Ltd (VEON) Receives Average Rating of “Hold” from Brokerages

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VEON Ltd (NASDAQ:VEON) has earned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $3.50.

Several analysts recently weighed in on VEON shares. HSBC upgraded shares of VEON from a “hold” rating to a “buy” rating in a research report on Monday, August 20th. JPMorgan Chase & Co. upgraded shares of VEON from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 3rd. Zacks Investment Research upgraded shares of VEON from a “sell” rating to a “buy” rating and set a $3.00 price objective on the stock in a research report on Wednesday, August 22nd. BidaskClub upgraded shares of VEON from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 22nd. Finally, Bank of America downgraded shares of VEON from a “buy” rating to a “neutral” rating in a research report on Thursday, June 21st.

Shares of VEON stock traded up $0.04 during trading hours on Friday, reaching $2.89. The company’s stock had a trading volume of 113,477 shares, compared to its average volume of 2,146,216. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.94 and a current ratio of 0.97. VEON has a one year low of $2.20 and a one year high of $4.30. The company has a market cap of $5.01 billion, a P/E ratio of 47.92 and a beta of 2.50.

VEON (NASDAQ:VEON) last posted its quarterly earnings results on Thursday, August 2nd. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. VEON had a negative net margin of 5.38% and a negative return on equity of 8.79%. The company had revenue of $2.27 billion for the quarter. sell-side analysts predict that VEON will post 0.15 earnings per share for the current year.

A number of large investors have recently modified their holdings of VEON. Tower Research Capital LLC TRC increased its stake in VEON by 85.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 63,137 shares of the Wireless communications provider’s stock valued at $150,000 after buying an additional 29,164 shares during the period. UBS Group AG increased its stake in VEON by 45.4% during the 1st quarter. UBS Group AG now owns 78,632 shares of the Wireless communications provider’s stock valued at $208,000 after buying an additional 24,555 shares during the period. Cubist Systematic Strategies LLC increased its stake in VEON by 108.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 94,584 shares of the Wireless communications provider’s stock valued at $250,000 after buying an additional 49,161 shares during the period. FDx Advisors Inc. increased its stake in VEON by 53.5% during the 1st quarter. FDx Advisors Inc. now owns 99,346 shares of the Wireless communications provider’s stock valued at $262,000 after buying an additional 34,613 shares during the period. Finally, Exane Derivatives increased its stake in VEON by 933.9% during the 2nd quarter. Exane Derivatives now owns 110,708 shares of the Wireless communications provider’s stock valued at $265,000 after buying an additional 100,000 shares during the period. Hedge funds and other institutional investors own 15.25% of the company’s stock.

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 traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile Internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; and mobile bundles.

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Analyst Recommendations for VEON (NASDAQ:VEON)

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