VEON (VEON) Upgraded at BidaskClub

BidaskClub upgraded shares of VEON (NASDAQ:VEON) from a hold rating to a buy rating in a research report sent to investors on Friday, BidAskClub reports.

A number of other equities analysts have also recently issued reports on VEON. VTB Capital cut VEON from a buy rating to a hold rating and set a $2.80 target price on the stock. in a report on Wednesday, January 16th. Zacks Investment Research cut VEON from a hold rating to a sell rating in a report on Tuesday, January 22nd. Finally, ValuEngine cut VEON from a buy rating to a hold rating in a report on Wednesday, January 30th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. VEON presently has an average rating of Hold and an average target price of $3.27.

Shares of VEON opened at $2.38 on Friday. VEON has a 12-month low of $2.07 and a 12-month high of $3.14. The firm has a market capitalization of $4.18 billion, a P/E ratio of -10.35 and a beta of 1.83.



VEON (NASDAQ:VEON) last issued its earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. VEON had a negative return on equity of 17.37% and a net margin of 10.00%. The company had revenue of $2.12 billion for the quarter. On average, analysts predict that VEON will post 0.49 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VEON. Prosperity Capital Management Ltd purchased a new stake in VEON in the 1st quarter valued at $93,487,000. Exor Investments UK LLP raised its position in VEON by 14.3% in the 1st quarter. Exor Investments UK LLP now owns 43,054,134 shares of the Wireless communications provider’s stock valued at $89,983,000 after buying an additional 5,396,342 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in VEON in the 1st quarter valued at $10,450,000. Federated Investors Inc. PA purchased a new stake in VEON in the 3rd quarter valued at $10,972,000. Finally, Acadian Asset Management LLC purchased a new stake in VEON in the 4th quarter valued at $8,223,000. 14.87% of the stock is owned by institutional investors and hedge funds.

VEON Company Profile

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. The company provides value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile internet, downloadable content, mobile finance services, machine-to-machine, and other services; national and international roaming services; wireless Internet access and mobile financial services; and mobile bundles and call completion services.

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Analyst Recommendations for VEON (NASDAQ:VEON)

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