VEON Ltd (VEON) Receives Average Recommendation of “Hold” from Analysts

Shares of VEON Ltd (NASDAQ:VEON) have received an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.50.

A number of brokerages have recently commented on VEON. Zacks Investment Research upgraded VEON from a “sell” rating to a “hold” rating in a report on Thursday, June 14th. JPMorgan Chase & Co. upgraded VEON from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 3rd. BidaskClub upgraded VEON from a “strong sell” rating to a “sell” rating in a report on Friday, April 20th. Goldman Sachs Group upgraded VEON from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a report on Thursday, July 5th. Finally, Bank of America lowered VEON from a “buy” rating to a “neutral” rating in a report on Thursday, June 21st.

VEON traded down $0.03, hitting $3.01, during midday trading on Friday, MarketBeat Ratings reports. 95,400 shares of the company’s stock were exchanged, compared to its average volume of 3,309,078. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 2.69. The firm has a market cap of $5.32 billion, a PE ratio of 50.33 and a beta of 2.37. VEON has a one year low of $2.20 and a one year high of $4.47.

VEON (NASDAQ:VEON) last posted its earnings results on Monday, May 14th. The Wireless communications provider reported ($0.06) earnings per share for the quarter. The business had revenue of $2.25 billion for the quarter. VEON had a negative return on equity of 10.95% and a negative net margin of 6.78%. analysts forecast that VEON will post 0.07 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Atria Investments LLC increased its position in shares of VEON by 107.8% in the first quarter. Atria Investments LLC now owns 41,929 shares of the Wireless communications provider’s stock valued at $111,000 after acquiring an additional 21,748 shares during the last quarter. UBS Group AG increased its position in shares of VEON by 45.4% in the first quarter. UBS Group AG now owns 78,632 shares of the Wireless communications provider’s stock valued at $208,000 after acquiring an additional 24,555 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of VEON in the fourth quarter valued at about $230,000. Cubist Systematic Strategies LLC increased its position in shares of VEON by 108.2% in the first quarter. Cubist Systematic Strategies LLC now owns 94,584 shares of the Wireless communications provider’s stock valued at $250,000 after acquiring an additional 49,161 shares during the last quarter. Finally, FDx Advisors Inc. increased its position in shares of VEON by 53.5% in the first quarter. FDx Advisors Inc. now owns 99,346 shares of the Wireless communications provider’s stock valued at $262,000 after acquiring an additional 34,613 shares during the last quarter. Institutional investors own 16.72% of the company’s stock.

About VEON

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.

Further Reading: Understanding Analyst Ratings

Analyst Recommendations for VEON (NASDAQ:VEON)

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