VEON Ltd (VEON) Given Average Rating of “Hold” by Analysts
Shares of VEON Ltd (NASDAQ:VEON) have been given a consensus rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $2.80.
A number of research firms have recently weighed in on VEON. BidaskClub lowered shares of VEON from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 30th. Zacks Investment Research lowered shares of VEON from a “hold” rating to a “sell” rating in a report on Saturday, February 9th. ValuEngine upgraded shares of VEON from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Finally, VTB Capital lowered shares of VEON from a “buy” rating to a “hold” rating and set a $2.80 target price for the company. in a report on Wednesday, January 16th.
Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new position in VEON in the third quarter worth about $31,000. Paloma Partners Management Co bought a new position in VEON in the fourth quarter worth about $30,000. Diversified Trust Co bought a new position in VEON in the fourth quarter worth about $35,000. Squarepoint Ops LLC bought a new position in VEON in the fourth quarter worth about $42,000. Finally, Arete Wealth Advisors LLC bought a new position in VEON in the fourth quarter worth about $47,000. 15.39% of the stock is owned by institutional investors.
VEON Company Profile
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of traditional and broadband mobile and fixed line technologies. The company provides mobile telecommunications services under contract and prepaid plans for corporate and consumer segments; value added services, including short messages, multimedia messages, caller number identification, call waiting, data transmission, mobile Internet, downloadable content, mobile finance, machine-to-machine, and other services; national and international roaming services; and mobile bundles.
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