VEON Ltd (VEON) Receives Average Recommendation of “Hold” from Brokerages

VEON Ltd (NASDAQ:VEON) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $5.45.

Several analysts recently weighed in on VEON shares. Zacks Investment Research raised shares of VEON from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research note on Thursday, October 5th. BidaskClub raised shares of VEON from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, ValuEngine raised shares of VEON from a “sell” rating to a “hold” rating in a research note on Monday, September 11th.

A hedge fund recently bought a new stake in VEON stock. Investec Asset Management North America Inc. bought a new position in VEON Ltd (NASDAQ:VEON) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,626,436 shares of the Wireless communications provider’s stock, valued at approximately $6,799,000. Investec Asset Management North America Inc. owned about 0.09% of VEON at the end of the most recent reporting period. Institutional investors and hedge funds own 15.05% of the company’s stock.

VEON (NASDAQ:VEON) traded down $0.09 during midday trading on Tuesday, hitting $3.89. 3,623,572 shares of the company’s stock were exchanged, compared to its average volume of 2,712,033. The company has a market capitalization of $7,140.00, a PE ratio of -13.41 and a beta of 2.17. VEON has a 12-month low of $3.67 and a 12-month high of $4.50. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 2.29.

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VEON Company Profile

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