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 report issued on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VEON in a report on Thursday, August 13th. Zacks Research raised VEON from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Benchmark reiterated a “buy” rating on shares of VEON in a research report on Monday, June 15th. Finally, Northland Securities started coverage on shares of VEON in a research report on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

VEON Price Performance

Shares of NASDAQ:VEON opened at $68.82 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 2.30. The company has a market cap of $5.09 billion, a P/E ratio of 80.96 and a beta of 1.63. VEON has a 52 week low of $42.60 and a 52 week high of $69.50. The company has a 50-day moving average price of $57.25 and a 200 day moving average price of $53.76.

VEON (NASDAQ:VEON) last announced its quarterly earnings data on Friday, July 31st. The Wireless communications provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.23. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.23 billion. VEON had a return on equity of 14.93% and a net margin of 1.24%.During the same quarter in the previous year, the company earned $8.30 EPS. Research analysts predict that VEON will post 7.39 earnings per share for the current year.

Insider Buying and Selling at VEON

In other news, Director K II acquired 15,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was acquired at an average price of $56.00 per share, with a total value of $840,000.00. Following the completion of the transaction, the director directly owned 91,000 shares in the company, valued at approximately $5,096,000. This represents a 19.74% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Trading of VEON

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in VEON in the second quarter valued at $170,000. Truist Financial Corp boosted its holdings in shares of VEON by 5.1% in the 4th quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock valued at $211,000 after purchasing an additional 195 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in VEON by 14.4% in the first quarter. Personal CFO Solutions LLC now owns 4,689 shares of the Wireless communications provider’s stock valued at $217,000 after acquiring an additional 592 shares during the last quarter. Handelsbanken Fonder AB grew its position in VEON by 7.2% during the second quarter. Handelsbanken Fonder AB now owns 7,400 shares of the Wireless communications provider’s stock valued at $386,000 after acquiring an additional 500 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of VEON by 64.1% in the 1st quarter. Lazard Asset Management LLC now owns 7,597 shares of the Wireless communications provider’s stock worth $352,000 after purchasing an additional 2,967 shares during the period. 21.30% of the stock is owned by hedge funds and other institutional investors.

About VEON

VEON Ltd. (NASDAQ:VEON) is a global digital communications and services company that provides mobile connectivity, broadband, and digital products in high-growth markets. Its telecommunications operations serve consumers and businesses through mobile voice and data services, messaging, fixed broadband, and related connectivity solutions.

VEON operates through well-known local brands, including Kyivstar in Ukraine, Jazz in Pakistan, Banglalink in Bangladesh, and Beeline in Kazakhstan, Kyrgyzstan, and Uzbekistan.