VEON Ltd (VEON) Receives $5.45 Consensus Price Target from Brokerages

VEON Ltd (NASDAQ:VEON) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $5.45.

Several research firms have recently weighed in on VEON. BidaskClub cut VEON from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised VEON from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Thursday, October 5th.

A number of institutional investors have recently made changes to their positions in the stock. DnB Asset Management AS bought a new position in VEON in the 4th quarter worth $7,493,000. Investec Asset Management LTD bought a new position in VEON in the 3rd quarter worth $25,977,000. Finally, Investec Asset Management North America Inc. bought a new position in VEON in the 3rd quarter worth $6,799,000. 15.05% of the stock is currently owned by institutional investors.

VEON (NASDAQ:VEON) traded up $0.04 during midday trading on Tuesday, hitting $3.92. The stock had a trading volume of 2,317,742 shares, compared to its average volume of 2,817,844. The company has a market cap of $6,940.00, a PE ratio of -13.52 and a beta of 2.17. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.94 and a quick ratio of 0.92. VEON has a 12-month low of $3.67 and a 12-month high of $4.50.

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