VEON Ltd (NASDAQ:VEON) Receives $3.24 Consensus Price Target from Analysts

VEON Ltd (NASDAQ:VEON) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.24.

Several research analysts recently weighed in on the company. ValuEngine lowered VEON from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. Zacks Investment Research lowered VEON from a “hold” rating to a “sell” rating in a research report on Saturday. BidaskClub raised VEON from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, Sberbank CIB lowered VEON from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th.

Large investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc purchased a new position in VEON in the third quarter valued at about $26,000. Mackenzie Financial Corp purchased a new position in VEON in the second quarter valued at about $34,000. Corient Capital Partners LLC raised its position in VEON by 56.9% in the second quarter. Corient Capital Partners LLC now owns 16,788 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 6,085 shares during the period. M&T Bank Corp purchased a new position in VEON in the second quarter valued at about $72,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its position in VEON by 27.3% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 28,000 shares of the Wireless communications provider’s stock valued at $78,000 after purchasing an additional 6,000 shares during the period. 19.24% of the stock is currently owned by institutional investors.

Shares of VEON traded down $0.04 during trading hours on Friday, hitting $2.38. The stock had a trading volume of 5,212,000 shares, compared to its average volume of 5,328,918. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.41 and a current ratio of 0.44. The firm has a market cap of $4.25 billion, a P/E ratio of -10.35 and a beta of 1.85. The company’s fifty day simple moving average is $2.39 and its 200 day simple moving average is $2.57. VEON has a 12-month low of $2.07 and a 12-month high of $3.28.

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 mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.

See Also: Cost of equity and a company’s balance sheet

Analyst Recommendations for VEON (NASDAQ:VEON)

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