VEON (VEON) – Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of VEON (NASDAQ: VEON) in the last few weeks:

  • 10/8/2019 – VEON was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 10/5/2019 – VEON had its “sell” rating reaffirmed by analysts at Zacks Investment Research. According to Zacks, “VEON Ltd. is engaged in telecommunication and digital services. It provides customers with voice, fixed broadband, data and digital services. The company’s brand portfolio includes Beeline, Kyivstar, WIND, Jazz, Banglalink and Djezzy. It operates primarily in Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia and Laos. VEON Ltd, formerly known as VimpelCom Ltd., is headquartered in Amsterdam, Netherland. “
  • 10/1/2019 – VEON was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/28/2019 – VEON was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “VEON Ltd. is engaged in telecommunication and digital services. It provides customers with voice, fixed broadband, data and digital services. The company’s brand portfolio includes Beeline, Kyivstar, WIND, Jazz, Banglalink and Djezzy. It operates primarily in Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia and Laos. VEON Ltd, formerly known as VimpelCom Ltd., is headquartered in Amsterdam, Netherland. “
  • 9/27/2019 – VEON was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/21/2019 – VEON was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “VEON Ltd. is engaged in telecommunication and digital services. It provides customers with voice, fixed broadband, data and digital services. The company’s brand portfolio includes Beeline, Kyivstar, WIND, Jazz, Banglalink and Djezzy. It operates primarily in Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia and Laos. VEON Ltd, formerly known as VimpelCom Ltd., is headquartered in Amsterdam, Netherland. “
  • 9/19/2019 – VEON was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/13/2019 – VEON was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “VEON Ltd. is engaged in telecommunication and digital services. It provides customers with voice, fixed broadband, data and digital services. The company’s brand portfolio includes Beeline, Kyivstar, WIND, Jazz, Banglalink and Djezzy. It operates primarily in Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia and Laos. VEON Ltd, formerly known as VimpelCom Ltd., is headquartered in Amsterdam, Netherland. “
  • 9/12/2019 – VEON was downgraded by analysts at Sberbank CIB from a “buy” rating to a “hold” rating.
  • 8/30/2019 – VEON was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

VEON stock traded down $0.03 during midday trading on Wednesday, hitting $2.39. The company’s stock had a trading volume of 263,641 shares, compared to its average volume of 5,415,228. VEON Ltd has a 12 month low of $2.07 and a 12 month high of $3.28. The company has a quick ratio of 0.58, a current ratio of 0.61 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of -10.39 and a beta of 1.82. The company has a 50 day moving average of $2.48 and a two-hundred day moving average of $2.55.

VEON (NASDAQ:VEON) last posted its quarterly earnings results on Thursday, August 1st. The Wireless communications provider reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.05). VEON had a negative return on equity of 15.89% and a net margin of 12.37%. The business had revenue of $2.26 billion during the quarter. On average, analysts anticipate that VEON Ltd will post 0.36 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. TT International purchased a new stake in shares of VEON during the 2nd quarter worth approximately $64,410,000. Morgan Stanley raised its holdings in shares of VEON by 68.9% during the 2nd quarter. Morgan Stanley now owns 53,337,524 shares of the Wireless communications provider’s stock worth $149,344,000 after acquiring an additional 21,762,727 shares in the last quarter. Polunin Capital Partners Ltd purchased a new stake in shares of VEON during the 2nd quarter worth approximately $21,902,000. Renaissance Technologies LLC raised its holdings in shares of VEON by 477.9% during the 2nd quarter. Renaissance Technologies LLC now owns 4,765,370 shares of the Wireless communications provider’s stock worth $13,343,000 after acquiring an additional 3,940,770 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of VEON by 381.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,684,692 shares of the Wireless communications provider’s stock worth $10,316,000 after acquiring an additional 2,919,723 shares in the last quarter. Institutional investors and hedge funds own 17.79% of the company’s stock.

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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