VEON (NASDAQ:VEON) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of VEON (NASDAQ:VEON) from a buy rating to a strong-buy rating in a research report released on Saturday morning,Wall Street Zen reports.

VEON has been the subject of several other reports. Weiss Ratings raised VEON from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Zacks Research upgraded VEON from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Northland Securities set a $85.00 price target on VEON and gave the company an “outperform” rating in a research note on Tuesday, September 29th. Finally, Cantor Fitzgerald began coverage on VEON in a report on Friday, October 2nd. They issued an “overweight” rating and a $112.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.33.

VEON Trading Down 1.1%

Shares of NASDAQ VEON opened at $76.73 on Friday. VEON has a 1-year low of $44.00 and a 1-year high of $89.00. The company has a 50-day moving average of $75.00 and a two-hundred day moving average of $58.50. The company has a market cap of $5.68 billion, a PE ratio of 20.63 and a beta of 1.65. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 2.30.

VEON (NASDAQ:VEON) last released its quarterly earnings results on Friday, November 6th. The Wireless communications provider reported $2.67 EPS for the quarter, beating the consensus estimate of $1.72 by $0.95. VEON had a net margin of 1.24% and a return on equity of 14.93%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. As a group, equities analysts expect that VEON will post 7.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On VEON

Large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of VEON during the 3rd quarter valued at $53,000. Integrated Wealth Concepts LLC acquired a new position in shares of VEON in the 2nd quarter valued at $170,000. Crossmark Global Holdings Inc. acquired a new position in shares of VEON in the 3rd quarter valued at $243,000. Personal CFO Solutions LLC boosted its position in shares of VEON by 14.4% in the 1st quarter. Personal CFO Solutions LLC now owns 4,689 shares of the Wireless communications provider’s stock worth $217,000 after purchasing an additional 592 shares during the last quarter. Finally, R Squared Ltd boosted its position in shares of VEON by 2.6% in the 3rd quarter. R Squared Ltd now owns 6,110 shares of the Wireless communications provider’s stock worth $452,000 after purchasing an additional 153 shares during the last quarter. 21.30% of the stock is currently owned by institutional investors and hedge funds.

VEON Company Profile

VEON Ltd. is an international telecommunications and digital services company that provides mobile and fixed connectivity, along with consumer and business services. Its offerings include voice and data plans, broadband, digital payments, entertainment, and other services delivered through its networks and digital platforms.

The company serves customers in Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine, and Uzbekistan through local operating companies and brands, including Banglalink, Jazz, Kyivstar, and Beeline.