BidaskClub upgraded shares of VEON (NASDAQ:VEON) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

Several other equities research analysts also recently issued reports on VEON. ValuEngine upgraded VEON from a hold rating to a buy rating in a research report on Monday, November 12th. Zacks Investment Research upgraded VEON from a hold rating to a buy rating and set a $3.00 target price on the stock in a research report on Wednesday, November 21st. Finally, VTB Capital downgraded VEON from a buy rating to a hold rating and set a $2.80 target price on the stock. in a research report on Wednesday, January 16th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $3.27.

NASDAQ:VEON opened at $2.53 on Tuesday. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 42.17 and a beta of 1.82. VEON has a 1 year low of $2.17 and a 1 year high of $3.14. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 2.36.

The business also recently announced an annual dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, March 7th. This represents a dividend yield of 6.94%. VEON’s dividend payout ratio is currently 450.00%.

Hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co purchased a new stake in shares of VEON in the fourth quarter worth $30,000. Marshall Wace North America L.P. purchased a new stake in shares of VEON in the third quarter worth $31,000. Diversified Trust Co purchased a new stake in shares of VEON in the fourth quarter worth $35,000. Squarepoint Ops LLC purchased a new stake in shares of VEON in the fourth quarter worth $42,000. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of VEON in the fourth quarter worth $47,000. Institutional investors own 14.81% of the company’s stock.

About VEON

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.

Further Reading: Cost of Debt

Analyst Recommendations for VEON (NASDAQ:VEON)

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