Wall Street Zen upgraded shares of VEON (NASDAQ:VEON – Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday morning,Wall Street Zen reports.
Several other research firms also recently issued reports on VEON. Cantor Fitzgerald began coverage on shares of VEON in a research note on Friday, October 2nd. They set an “overweight” rating and a $112.00 price target for the company. Northland Securities set a $85.00 price objective on shares of VEON and gave the stock an “outperform” rating in a research note on Tuesday, September 29th. Weiss Ratings upgraded VEON from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Finally, Zacks Research raised VEON from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.33.
View Our Latest Analysis on VEON
VEON Stock Up 3.0%
VEON stock opened at $77.57 on Friday. VEON has a fifty-two week low of $42.60 and a fifty-two week high of $89.00. The firm has a market capitalization of $5.74 billion, a PE ratio of 14.47 and a beta of 1.65. The company’s 50-day moving average is $74.68 and its 200-day moving average is $58.39. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.97 and a quick ratio of 0.96.
VEON (NASDAQ:VEON – Get Free Report) last announced its earnings results on Friday, November 6th. The Wireless communications provider reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.95. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. VEON had a return on equity of 14.93% and a net margin of 1.24%. Sell-side analysts anticipate that VEON will post 7.39 earnings per share for the current year.
Institutional Trading of VEON
Several institutional investors have recently made changes to their positions in the company. R Squared Ltd lifted its position in shares of VEON by 2.6% during the third quarter. R Squared Ltd now owns 6,110 shares of the Wireless communications provider’s stock worth $452,000 after acquiring an additional 153 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of VEON in the third quarter worth $53,000. Crossmark Global Holdings Inc. purchased a new position in shares of VEON in the third quarter valued at $243,000. QRG Capital Management Inc. grew its position in shares of VEON by 10.7% in the second quarter. QRG Capital Management Inc. now owns 19,436 shares of the Wireless communications provider’s stock valued at $1,015,000 after purchasing an additional 1,879 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of VEON in the second quarter valued at $170,000. Institutional investors own 21.30% of the company’s stock.
VEON News Roundup
Here are the key news stories impacting VEON this week:
- Positive Sentiment: Third-quarter revenue rose 17.2% year over year to $1.307 billion, while digital services reached 27.2% of revenue. VEON raised the midpoint of its 2026 revenue and EBITDA outlook; revenue guidance is $5.1 billion–$5.2 billion, around analyst expectations. VEON Q3 results and outlook
- Positive Sentiment: VEON completed its $81 million acquisition of OLX Kazakhstan, adding a large classifieds platform to its digital-commerce operations. The deal was also cited alongside the company’s swing to a third-quarter profit. OLX Kazakhstan acquisition
- Positive Sentiment: The company plans to acquire a 33.75% interest in Jungo TV, including access to All Women’s Sports Network content. VEON aims to use its platforms and Jungo’s distribution reach to grow digital entertainment. Jungo TV and AWSN investment
- Neutral Sentiment: VEON reported EPS of $2.67, well above the $1.72 consensus, but coverage noted the beat was substantially driven by one-time gains, making it a less clear measure of recurring performance. Revenue was in line with estimates. Q3 earnings analysis
- Negative Sentiment: VEON identified fuel shortages as its biggest threat, a potential operational risk that could weigh on its markets even as it pursues growth in satellite data and digital services. Fuel shortages and growth risks
VEON Company Profile
VEON Ltd. is a global digital communications and services company that provides mobile connectivity, fixed broadband, and digital products to consumers and businesses. The company operates through a portfolio of local telecommunications brands, offering voice and messaging services, mobile data, broadband access, and related enterprise solutions.
VEON’s principal operating brands include Kyivstar in Ukraine, Jazz in Pakistan, Banglalink in Bangladesh, and Beeline-branded businesses in Kazakhstan, Uzbekistan, and Kyrgyzstan.
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