VEON Ltd. (NASDAQ:VEON - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $51.63 and traded as high as $53.61. VEON shares last traded at $51.87, with a volume of 52,512 shares changing hands.
Trending Headlines about VEON
Here are the key news stories impacting VEON this week:
- Positive Sentiment: Analysts’ forward earnings expectations remain elevated, which can support the share price if management meets guidance — street consensus cited an 8.56 EPS estimate for the current fiscal year. MarketBeat VEON profile
- Positive Sentiment: Strong reported profitability metrics (reported ROE ~47.9% and net margin ~12.1% for the most recent period) indicate operational leverage that can amplify upside when revenue stabilizes or grows. MarketBeat VEON profile
- Neutral Sentiment: Price is trading near both its 50-day and 200-day moving averages (~$51.6), suggesting no clear technical trend; that tends to mute volatility absent new news. MarketBeat VEON profile
- Neutral Sentiment: Today’s volume is below average, implying the move may reflect short-term trading rather than a broad shift in investor conviction. MarketBeat VEON profile
- Neutral Sentiment: Provided news items are about NFL figures (Le’Veon Bell / Le’Veon Moss) and are unrelated to VEON’s business or outlook, so they should have no direct impact on the stock. Example coverage: Le’Veon Bell accusations about Adam Gase. MSN article
- Negative Sentiment: Recent quarterly EPS was negative (reported -$0.44) and revenue trends will be watched closely; weak quarterly results can pressure the stock until signs of revenue recovery appear. MarketBeat VEON profile
- Negative Sentiment: Balance-sheet and liquidity metrics are a concern — current and quick ratios below 1.0 and a debt-to-equity ratio ~2.47 increase sensitivity to higher interest rates or weaker cash flow, which can weigh on the share price. MarketBeat VEON profile
Analyst Ratings Changes
Several brokerages have commented on VEON. Zacks Research upgraded shares of VEON from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 19th. Benchmark restated a "buy" rating on shares of VEON in a research report on Friday, March 13th. Wall Street Zen upgraded shares of VEON from a "hold" rating to a "buy" rating in a research report on Saturday, January 10th. Rothschild & Co Redburn set a $74.00 price objective on shares of VEON and gave the company a "buy" rating in a research report on Thursday, April 16th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of VEON in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, VEON presently has a consensus rating of "Buy" and a consensus target price of $67.00.
Read Our Latest Research Report on VEON
VEON Trading Down 2.1%
The business's 50 day simple moving average is $51.61 and its two-hundred day simple moving average is $51.63. The stock has a market cap of $3.84 billion, a P/E ratio of 6.98 and a beta of 1.67. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 2.47.
VEON (NASDAQ:VEON - Get Free Report) last posted its earnings results on Saturday, February 14th. The Wireless communications provider reported ($0.44) earnings per share for the quarter. The company had revenue of $1.17 billion for the quarter. VEON had a return on equity of 47.86% and a net margin of 12.12%. As a group, analysts expect that VEON Ltd. will post 8.56 EPS for the current year.
Institutional Investors Weigh In On VEON
A number of institutional investors have recently added to or reduced their stakes in the business. Lingotto Investment Management LLP grew its holdings in VEON by 0.3% during the 4th quarter. Lingotto Investment Management LLP now owns 6,060,852 shares of the Wireless communications provider's stock worth $318,619,000 after acquiring an additional 16,758 shares during the last quarter. Shah Capital Management grew its holdings in VEON by 1.5% during the 4th quarter. Shah Capital Management now owns 4,895,252 shares of the Wireless communications provider's stock worth $257,343,000 after acquiring an additional 70,831 shares during the last quarter. Wellington Management Group LLP grew its holdings in VEON by 66.5% during the 4th quarter. Wellington Management Group LLP now owns 977,400 shares of the Wireless communications provider's stock worth $51,382,000 after acquiring an additional 390,294 shares during the last quarter. Solus Alternative Asset Management LP grew its stake in shares of VEON by 3.6% in the fourth quarter. Solus Alternative Asset Management LP now owns 887,002 shares of the Wireless communications provider's stock worth $46,630,000 after purchasing an additional 30,900 shares during the last quarter. Finally, Panview Capital Ltd grew its stake in shares of VEON by 24.7% in the fourth quarter. Panview Capital Ltd now owns 514,927 shares of the Wireless communications provider's stock worth $27,070,000 after purchasing an additional 101,906 shares during the last quarter. 21.30% of the stock is owned by institutional investors.
About VEON
(
Get Free Report)
VEON Ltd NASDAQ: VEON is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.
Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.
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