Zacks Research Upgrades VEON (NASDAQ:VEON) to Strong-Buy

VEON (NASDAQ:VEON) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts have also commented on VEON. Wall Street Zen raised shares of VEON from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VEON in a report on Monday, December 29th. Finally, Benchmark reissued a “buy” rating on shares of VEON in a report on Friday, March 13th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $60.00.

VEON Price Performance

Shares of VEON stock opened at $49.31 on Thursday. VEON has a twelve month low of $34.55 and a twelve month high of $64.00. The company has a current ratio of 0.91, a quick ratio of 0.94 and a debt-to-equity ratio of 2.47. The stock has a fifty day simple moving average of $53.42 and a two-hundred day simple moving average of $52.23. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 6.64 and a beta of 1.59.

VEON (NASDAQ:VEON) last released its quarterly earnings data on Friday, March 13th. The Wireless communications provider reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $1.79 by ($2.18). VEON had a net margin of 12.12% and a return on equity of 47.86%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion.

Institutional Investors Weigh In On VEON

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VEON. Diversify Wealth Management LLC purchased a new position in shares of VEON during the 3rd quarter valued at approximately $1,078,000. Panview Capital Ltd purchased a new stake in VEON during the third quarter worth $22,481,000. RWC Asset Management LLP acquired a new stake in VEON during the third quarter valued at $2,048,000. Dorsey Wright & Associates acquired a new stake in VEON during the third quarter valued at $1,273,000. Finally, Squarepoint Ops LLC purchased a new position in VEON in the second quarter valued at $634,000. 21.30% of the stock is owned by institutional investors and hedge funds.

VEON News Roundup

Here are the key news stories impacting VEON this week:

• Positive Sentiment: Litchfield Hills Research raised FY2026 and FY2027 EPS forecasts (FY2026 to $8.56 from $7.79; FY2027 to $9.99), signalling stronger forward earnings expectations that support valuation. Litchfield Hills Research upgrade
• Positive Sentiment: VEON’s Q4 2025 earnings call highlighted robust revenue growth and continued investment in digital services/monetization, which underpin the bull case of higher-margin service mix and recurring revenue. Q4 2025 Earnings Call Highlights
• Neutral Sentiment: Zacks runs a valuation-focused review for value investors; the write-up notes VEON’s low P/E (~6.6) and potential upside but balances that against geopolitical, FX and leverage risks — useful context but not an immediate catalyst. Zacks: Should Value Investors Buy VEON?
• Neutral Sentiment: Several media pieces about Le’Veon Bell surfaced today but are unrelated to VEON Ltd.’s telecom operations and are unlikely to affect the stock. Le’Veon Bell coverage
• Negative Sentiment: Despite the raised 2026 guidance and a leadership reshuffle, a recent article noted a sharp intraday drop (reported earlier) after the announcements — suggesting investor skepticism about execution, capital allocation and corporate governance. That skepticism is amplified by VEON’s high leverage (debt/equity ~2.47) and the company’s prior messy quarterly EPS miss, which keep downside risk elevated. VEON down after guidance raise and leadership revamp

VEON Company Profile

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.