VEON (NASDAQ:VEON) Upgraded at BidaskClub

BidaskClub upgraded shares of VEON (NASDAQ:VEON) from a hold rating to a buy rating in a research report released on Tuesday morning, BidAskClub reports.

Several other research analysts have also commented on the stock. ValuEngine lowered shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, May 28th. UBS Group downgraded shares of JinkoSolar from a buy rating to a neutral rating and lifted their price target for the stock from $22.00 to $25.00 in a research note on Monday, June 17th. Finally, Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a hold rating to a buy rating and set a $20.00 price target for the company in a research note on Friday, July 5th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $3.19.

NASDAQ VEON opened at $3.20 on Tuesday. The company has a 50 day simple moving average of $2.60. VEON has a one year low of $2.07 and a one year high of $3.28. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of -13.91 and a beta of 1.81.

VEON (NASDAQ:VEON) last posted its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. VEON had a net margin of 10.00% and a negative return on equity of 17.37%. The business had revenue of $2.12 billion during the quarter. Sell-side analysts expect that VEON will post 0.39 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of VEON. Prosperity Capital Management Ltd purchased a new position in VEON in the first quarter worth approximately $93,487,000. Exor Investments UK LLP raised its holdings in VEON by 14.3% during the first quarter. Exor Investments UK LLP now owns 43,054,134 shares of the Wireless communications provider’s stock worth $89,983,000 after purchasing an additional 5,396,342 shares in the last quarter. Segantii Capital Management Ltd acquired a new stake in VEON during the first quarter worth approximately $10,450,000. Laurion Capital Management LP acquired a new stake in VEON during the first quarter worth approximately $5,225,000. Finally, Acadian Asset Management LLC raised its holdings in VEON by 64.0% during the first quarter. Acadian Asset Management LLC now owns 5,765,425 shares of the Wireless communications provider’s stock worth $12,051,000 after purchasing an additional 2,250,828 shares in the last quarter. Institutional investors own 16.22% of the company’s stock.

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 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.

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Analyst Recommendations for VEON (NASDAQ:VEON)

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