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

Weiss Ratings restated their hold (c+) rating on shares of VEON (NASDAQ:VEON) in a report issued on Wednesday morning,Weiss Ratings reports.

Several other research analysts also recently commented on VEON. Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of VEON in a research note on Monday, June 16th. Litchfield Hills Research raised shares of VEON to a “strong-buy” rating in a research note on Thursday, June 26th. Zacks Research raised shares of VEON from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 3rd. Finally, Wall Street Zen raised shares of VEON from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 29th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, VEON presently has an average rating of “Buy” and an average target price of $60.00.

VEON Trading Down 1.9%

VEON stock opened at $50.33 on Wednesday. The company has a market capitalization of $3.72 billion, a PE ratio of 3.69 and a beta of 1.58. VEON has a one year low of $29.29 and a one year high of $64.00. The company’s 50 day moving average price is $54.84 and its two-hundred day moving average price is $49.61. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.87 and a current ratio of 0.87.

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

Institutional Trading of VEON

Large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. boosted its holdings in VEON by 36.8% in the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock valued at $66,000 after acquiring an additional 388 shares in the last quarter. Samson Rock Capital LLP bought a new stake in VEON in the second quarter valued at $138,000. GAMMA Investing LLC boosted its holdings in VEON by 21.3% in the first quarter. GAMMA Investing LLC now owns 3,613 shares of the Wireless communications provider’s stock valued at $158,000 after acquiring an additional 635 shares in the last quarter. Engineers Gate Manager LP bought a new stake in VEON in the second quarter valued at $243,000. Finally, Handelsbanken Fonder AB bought a new stake in VEON in the second quarter valued at $267,000. Institutional investors own 21.30% of the company’s stock.

About VEON

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.