Analysts Set VEON Ltd. (NASDAQ:VEON) Price Target at $67.00

Shares of VEON Ltd. (NASDAQ:VEON) have earned a consensus rating of “Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $67.00.

Several research analysts have commented on VEON shares. Benchmark restated a “buy” rating on shares of VEON in a report on Friday, March 13th. Wall Street Zen raised VEON from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Rothschild & Co Redburn set a $74.00 price objective on VEON and gave the stock a “buy” rating in a research report on Thursday. Zacks Research raised VEON from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of VEON in a research report on Monday, December 29th.

Institutional Trading of VEON

Institutional investors have recently made changes to their positions in the business. Truist Financial Corp lifted its position in VEON by 5.1% during the 4th quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock worth $211,000 after acquiring an additional 195 shares during the period. Personal CFO Solutions LLC lifted its position in VEON by 7.0% during the 4th quarter. Personal CFO Solutions LLC now owns 4,097 shares of the Wireless communications provider’s stock worth $215,000 after acquiring an additional 268 shares during the period. Tidal Investments LLC lifted its position in VEON by 4.8% during the 2nd quarter. Tidal Investments LLC now owns 7,288 shares of the Wireless communications provider’s stock worth $336,000 after acquiring an additional 336 shares during the period. Severin Investments LLC lifted its position in VEON by 4.2% during the 4th quarter. Severin Investments LLC now owns 8,857 shares of the Wireless communications provider’s stock worth $466,000 after acquiring an additional 353 shares during the period. Finally, Osaic Holdings Inc. lifted its position in VEON by 36.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after acquiring an additional 388 shares during the period. Institutional investors and hedge funds own 21.30% of the company’s stock.

VEON Price Performance

Shares of VEON stock opened at $54.64 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 2.47. The stock has a 50 day moving average of $51.64 and a 200 day moving average of $51.56. VEON has a 12 month low of $34.55 and a 12 month high of $64.00. The firm has a market cap of $4.04 billion, a PE ratio of 7.35 and a beta of 1.67.

VEON (NASDAQ:VEON) last issued its quarterly earnings results on Saturday, February 14th. The Wireless communications provider reported ($0.44) earnings per share for the quarter. The business had revenue of $1.17 billion during the quarter. VEON had a return on equity of 47.86% and a net margin of 12.12%.

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.