Analysts at Northland Securities initiated coverage on shares of VEON (NASDAQ:VEON – Get Free Report) in a note issued to investors on Tuesday, MarketBeat reports. The brokerage set an “outperform” rating and a $70.00 price target on the Wireless communications provider’s stock. Northland Securities’ price objective suggests a potential upside of 42.83% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Zacks Research downgraded VEON from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Benchmark restated a “buy” rating on shares of VEON in a report on Friday, March 13th. Rothschild & Co Redburn set a $74.00 target price on VEON and gave the company a “buy” rating in a report on Thursday, April 16th. Weiss Ratings downgraded VEON from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Wall Street Zen downgraded VEON from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.
Check Out Our Latest Stock Report on VEON
VEON Stock Performance
VEON (NASDAQ:VEON – Get Free Report) last announced its quarterly earnings data 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%. Analysts expect that VEON will post 8.56 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in VEON by 2.8% during the 1st quarter. Bank of America Corp DE now owns 69,754 shares of the Wireless communications provider’s stock valued at $3,230,000 after acquiring an additional 1,923 shares during the period. Lazard Asset Management LLC lifted its position in VEON by 64.1% during the 1st quarter. Lazard Asset Management LLC now owns 7,597 shares of the Wireless communications provider’s stock valued at $352,000 after acquiring an additional 2,967 shares during the period. Dorsey Wright & Associates lifted its position in VEON by 45.7% during the 1st quarter. Dorsey Wright & Associates now owns 35,457 shares of the Wireless communications provider’s stock valued at $1,642,000 after acquiring an additional 11,129 shares during the period. Diversify Wealth Management LLC lifted its position in VEON by 43.0% during the 1st quarter. Diversify Wealth Management LLC now owns 30,497 shares of the Wireless communications provider’s stock valued at $1,497,000 after acquiring an additional 9,168 shares during the period. Finally, Personal CFO Solutions LLC lifted its position in VEON by 14.4% during the 1st quarter. Personal CFO Solutions LLC now owns 4,689 shares of the Wireless communications provider’s stock valued at $217,000 after acquiring an additional 592 shares during the period. 21.30% of the stock is owned by hedge funds and other institutional investors.
VEON Company Profile
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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