VEON (NASDAQ:VEON) Announces Quarterly Earnings Results

VEON (NASDAQ:VEON) posted its earnings results on Thursday. The Wireless communications provider reported $1.36 EPS for the quarter, beating the consensus estimate of $0.83 by $0.53, Zacks reports. VEON had a positive return on equity of 36.48% and a negative net margin of 81.71%. VEON updated its FY 2025 guidance to EPS.

VEON Trading Up 12.2%

NASDAQ VEON opened at $54.92 on Friday. The business has a 50 day simple moving average of $43.93 and a 200 day simple moving average of $41.10. VEON has a one year low of $25.20 and a one year high of $57.40. The stock has a market capitalization of $4.06 billion, a P/E ratio of 9.58 and a beta of 1.43. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.81 and a quick ratio of 0.80.

Analyst Upgrades and Downgrades

Separately, Benchmark raised their price objective on VEON from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, March 25th.

About VEON

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.