VEON’s (VEON) Hold (C+) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c+) rating on shares of VEON (NASDAQ:VEON) in a research note issued to investors on Friday morning,Weiss Ratings reports.

VEON has been the topic of a number of other reports. Zacks Research lowered shares of VEON from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Wall Street Zen raised shares of VEON from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 29th. Finally, Litchfield Hills Research raised shares of VEON to a “strong-buy” rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, VEON presently has an average rating of “Moderate Buy” and an average price target of $60.00.

VEON Stock Down 0.2%

Shares of NASDAQ VEON opened at $50.51 on Friday. The firm’s 50-day moving average price is $54.14 and its 200-day moving average price is $50.36. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 3.70 and a beta of 1.58. VEON has a 12-month low of $29.80 and a 12-month high of $64.00.

VEON (NASDAQ:VEON) last announced its earnings results on Thursday, August 7th. The Wireless communications provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $7.35. VEON had a net margin of 23.75% and a return on equity of 72.76%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.02 billion. VEON has set its FY 2025 guidance at EPS.

Hedge Funds Weigh In On VEON

A number of institutional investors have recently modified their holdings of the stock. Lingotto Investment Management LLP increased its position in shares of VEON by 1.2% during the second quarter. Lingotto Investment Management LLP now owns 5,957,666 shares of the Wireless communications provider’s stock worth $274,470,000 after acquiring an additional 70,659 shares during the period. Wellington Management Group LLP increased its position in shares of VEON by 22.3% during the first quarter. Wellington Management Group LLP now owns 647,096 shares of the Wireless communications provider’s stock worth $28,220,000 after acquiring an additional 117,945 shares during the period. Russell Investments Group Ltd. increased its position in shares of VEON by 8.9% during the second quarter. Russell Investments Group Ltd. now owns 122,113 shares of the Wireless communications provider’s stock worth $5,626,000 after acquiring an additional 9,954 shares during the period. Walleye Capital LLC increased its position in shares of VEON by 77.7% during the second quarter. Walleye Capital LLC now owns 59,272 shares of the Wireless communications provider’s stock worth $2,731,000 after acquiring an additional 25,910 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of VEON by 267.0% during the second quarter. JPMorgan Chase & Co. now owns 55,827 shares of the Wireless communications provider’s stock worth $2,572,000 after acquiring an additional 40,614 shares during the period. 21.30% of the stock is owned by hedge funds and other institutional investors.

VEON Company Profile

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology.