VEON Ltd. (NASDAQ:VEON – Get Free Report) has earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $72.00.
VEON has been the subject of several recent analyst reports. Zacks Research cut shares of VEON from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 16th. Weiss Ratings lowered shares of VEON from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Wall Street Zen downgraded shares of VEON from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 26th. Benchmark reaffirmed a “buy” rating on shares of VEON in a research note on Monday, June 15th. Finally, Rothschild & Co Redburn set a $74.00 price objective on shares of VEON and gave the stock a “buy” rating in a research report on Thursday, April 16th.
Read Our Latest Analysis on VEON
VEON Trading Down 1.9%
VEON (NASDAQ:VEON – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The Wireless communications provider reported $1.50 earnings per share for the quarter. VEON had a return on equity of 44.43% and a net margin of 11.65%. Sell-side analysts forecast that VEON will post 6.99 earnings per share for the current year.
Institutional Trading of VEON
Several hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. grew its holdings in shares of VEON by 36.8% during the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock valued at $66,000 after buying an additional 388 shares in the last quarter. Royal Bank of Canada lifted its stake in VEON by 184.3% in the 4th quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock worth $128,000 after acquiring an additional 1,576 shares in the last quarter. Truist Financial Corp lifted its stake in VEON by 5.1% in the 4th quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock worth $211,000 after acquiring an additional 195 shares in the last quarter. Personal CFO Solutions LLC boosted its position in VEON by 7.0% during the 4th quarter. Personal CFO Solutions LLC now owns 4,097 shares of the Wireless communications provider’s stock worth $215,000 after acquiring an additional 268 shares during the period. Finally, CWM LLC acquired a new stake in VEON during the 4th quarter worth about $219,000. Institutional investors and hedge funds own 21.30% of the company’s stock.
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.
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