VEON (NASDAQ:VEON) Sets New 52-Week High – Still a Buy?

Posted by George Bondi on Sep 30th, 2026

Shares of VEON Ltd. (NASDAQ:VEON – Get Free Report) reached a new 52-week high on Wednesday. The stock traded as high as $75.00 and last traded at $75.5950, with a volume of 83090 shares traded. The stock had previously closed at $73.97.

Analyst Upgrades and Downgrades

Several research firms recently commented on VEON. Northland Securities set a $85.00 target price on VEON and gave the stock an “outperform” rating in a research note on Tuesday. Benchmark restated a “buy” rating on shares of VEON in a report on Monday, June 15th. Wall Street Zen raised shares of VEON from a “buy” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of VEON in a research note on Thursday, August 13th. Finally, Zacks Research upgraded shares of VEON from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, VEON currently has an average rating of “Moderate Buy” and a consensus price target of $79.50.

Read Our Latest Analysis on VEON

VEON Stock Performance

The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of 88.79 and a beta of 1.63. The company has a 50 day moving average price of $61.17 and a 200 day moving average price of $54.99. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.96 and a current ratio of 0.97.

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

Insider Buying and Selling at VEON

In other news, Director K II bought 15,000 shares of the stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $56.00 per share, with a total value of $840,000.00. Following the completion of the transaction, the director directly owned 91,000 shares of the company’s stock, valued at $5,096,000. This trade represents a 19.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Trading of VEON

Several hedge funds have recently bought and sold shares of the business. Lingotto Investment Management LLP increased its stake in VEON by 0.3% during the 4th quarter. Lingotto Investment Management LLP now owns 6,060,852 shares of the Wireless communications provider’s stock valued at $318,619,000 after purchasing an additional 16,758 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of VEON by 2.8% in the first quarter. Bank of America Corp DE now owns 69,754 shares of the Wireless communications provider’s stock valued at $3,230,000 after buying an additional 1,923 shares in the last quarter. Cygnus Capital Advisors LLC grew its holdings in shares of VEON by 36.8% during the second quarter. Cygnus Capital Advisors LLC now owns 53,180 shares of the Wireless communications provider’s stock valued at $2,777,000 after buying an additional 14,300 shares during the last quarter. RWC Asset Management LLP grew its holdings in shares of VEON by 1.1% during the fourth quarter. RWC Asset Management LLP now owns 38,040 shares of the Wireless communications provider’s stock valued at $2,000,000 after buying an additional 422 shares during the last quarter. Finally, Dorsey Wright & Associates increased its position in shares of VEON by 45.7% during the first quarter. Dorsey Wright & Associates now owns 35,457 shares of the Wireless communications provider’s stock worth $1,642,000 after acquiring an additional 11,129 shares in the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

VEON Company Profile

(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.