Litchfield Hills Research Lifts Earnings Estimates for VEON

VEON Ltd. (NASDAQ:VEON) – Stock analysts at Litchfield Hills Research upped their FY2026 earnings per share estimates for shares of VEON in a research report issued to clients and investors on Wednesday, March 18th. Litchfield Hills Research analyst T. O’neill now anticipates that the Wireless communications provider will earn $8.56 per share for the year, up from their prior estimate of $7.79. Litchfield Hills Research also issued estimates for VEON’s FY2027 earnings at $9.99 EPS.

Several other research analysts have also commented on VEON. Weiss Ratings reiterated a “hold (c)” rating on shares of VEON in a research report on Monday, December 29th. Benchmark restated a “buy” rating on shares of VEON in a report on Friday, March 13th. Wall Street Zen upgraded VEON from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Finally, Zacks Research raised VEON from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, VEON has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

VEON Price Performance

VEON stock opened at $50.41 on Friday. The company has a fifty day simple moving average of $53.47 and a two-hundred day simple moving average of $52.29. VEON has a 52 week low of $34.55 and a 52 week high of $64.00. The company has a quick ratio of 0.94, a current ratio of 0.91 and a debt-to-equity ratio of 2.47. The firm has a market capitalization of $3.48 billion, a P/E ratio of 6.78 and a beta of 1.59.

VEON (NASDAQ:VEON) last announced its quarterly earnings results on Friday, March 13th. The Wireless communications provider reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $1.79 by ($2.18). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. VEON had a return on equity of 47.86% and a net margin of 12.12%.

Institutional Investors Weigh In On VEON

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in shares of 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 buying an additional 388 shares in the last quarter. Royal Bank of Canada raised its stake in VEON by 184.3% in the fourth quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 1,576 shares in the last quarter. Truist Financial Corp bought a new stake in VEON during the 3rd quarter valued at $208,000. Personal CFO Solutions LLC bought a new position in shares of VEON in the 3rd quarter worth $208,000. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of VEON during the 3rd quarter worth $211,000. 21.30% of the stock is owned by institutional investors.

About VEON

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.