VEON Ltd (NASDAQ:VEON) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $2.90.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded VEON from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research upgraded VEON from a “sell” rating to a “hold” rating and set a $3.00 price target for the company in a research report on Friday, March 15th.
NASDAQ:VEON traded down $0.03 during trading hours on Friday, hitting $2.38. The company’s stock had a trading volume of 123,655 shares, compared to its average volume of 4,950,244. The stock has a market capitalization of $4.23 billion, a price-to-earnings ratio of -10.35 and a beta of 1.83. VEON has a 52-week low of $2.07 and a 52-week high of $3.14.
VEON (NASDAQ:VEON) last released its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $2.12 billion during the quarter. VEON had a negative return on equity of 17.37% and a net margin of 10.00%. Sell-side analysts anticipate that VEON will post 0.49 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of VEON. OLD Mission Capital LLC acquired a new stake in shares of VEON during the first quarter valued at $25,000. Paloma Partners Management Co acquired a new stake in shares of VEON during the fourth quarter valued at $30,000. Squarepoint Ops LLC acquired a new stake in shares of VEON during the fourth quarter valued at $42,000. Arete Wealth Advisors LLC acquired a new stake in shares of VEON during the fourth quarter valued at $47,000. Finally, Virtu Financial LLC boosted its stake in shares of VEON by 48.2% during the fourth quarter. Virtu Financial LLC now owns 22,587 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 7,341 shares during the last quarter. 18.56% of the stock is currently 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.
Featured Article: Call Option
Receive News & Ratings for VEON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VEON and related companies with MarketBeat.com's FREE daily email newsletter.