VEON (NASDAQ:VEON) Reaches New 12-Month High – Still a Buy?

Posted by Francis Steltz on Sep 23rd, 2026

VEON Ltd. (NASDAQ:VEON – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $72.38 and last traded at $70.01, with a volume of 746 shares. The stock had previously closed at $69.37.

Analyst Ratings Changes

Several research analysts recently commented on VEON shares. Northland Securities assumed coverage on shares of VEON in a report on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 target price on the stock. Zacks Research upgraded VEON from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of VEON in a research note on Thursday, August 13th. Benchmark reiterated a “buy” rating on shares of VEON in a research note on Monday, June 15th. Finally, Wall Street Zen downgraded shares of VEON from a “strong-buy” rating to a “buy” rating in a report on Sunday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $72.00.

View Our Latest Stock Report on VEON

VEON Stock Down 0.2%

The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 2.30. The business has a fifty day simple moving average of $59.18 and a two-hundred day simple moving average of $54.34. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 81.44 and a beta of 1.63.

VEON (NASDAQ:VEON – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.23. VEON had a net margin of 1.24% and a return on equity of 14.93%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the firm earned $8.30 earnings per share. Equities analysts expect that VEON Ltd. will post 7.39 EPS for the current year.

Insider Buying and Selling

In other news, Director K II bought 15,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was bought at an average price of $56.00 per share, for a total transaction of $840,000.00. Following the completion of the transaction, the director directly owned 91,000 shares in the company, valued at $5,096,000. The trade was a 19.74% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On VEON

Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of VEON in the fourth quarter valued at approximately $1,293,000. K2 Principal Fund L.P. bought a new stake in shares of VEON in the 4th quarter valued at about $1,015,000. Lingotto Investment Management LLP increased its position in shares of VEON by 0.3% during the fourth quarter. Lingotto Investment Management LLP now owns 6,060,852 shares of the Wireless communications provider’s stock worth $318,619,000 after buying an additional 16,758 shares during the period. Cygnus Capital Advisors LLC increased its stake in shares of VEON by 36.8% in the 2nd quarter. Cygnus Capital Advisors LLC now owns 53,180 shares of the Wireless communications provider’s stock valued at $2,777,000 after acquiring an additional 14,300 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in VEON by 82.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 29,518 shares of the Wireless communications provider’s stock valued at $1,541,000 after buying an additional 13,315 shares in the last quarter. Institutional investors own 21.30% of the company’s stock.

About VEON

(Get Free Report)

VEON Ltd. (NASDAQ:VEON) is a global digital communications and services company that provides mobile connectivity, broadband, and digital products in high-growth markets. Its telecommunications operations serve consumers and businesses through mobile voice and data services, messaging, fixed broadband, and related connectivity solutions.

VEON operates through well-known local brands, including Kyivstar in Ukraine, Jazz in Pakistan, Banglalink in Bangladesh, and Beeline in Kazakhstan, Kyrgyzstan, and Uzbekistan.