Augie Fabela II Purchases 5,000 Shares of VEON (NASDAQ:VEON) Stock

VEON Ltd. (NASDAQ:VEON) Director Augie Fabela II acquired 5,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of $56.02 per share, for a total transaction of $280,100.00. Following the purchase, the director owned 96,000 shares in the company, valued at approximately $5,377,920. This trade represents a 5.49% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

VEON Stock Up 0.5%

VEON stock traded up $0.26 during midday trading on Monday, reaching $57.36. The company had a trading volume of 11,092 shares, compared to its average volume of 94,510. The company has a 50 day moving average of $52.33 and a two-hundred day moving average of $52.43. The company has a market capitalization of $4.24 billion, a P/E ratio of 67.48 and a beta of 1.65. VEON Ltd. has a 1 year low of $42.60 and a 1 year high of $64.00. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 2.30.

VEON (NASDAQ:VEON) last posted its quarterly earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 EPS for the quarter, beating the consensus estimate of $1.46 by $0.23. VEON had a net margin of 1.24% and a return on equity of 14.93%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $8.30 EPS. On average, equities research analysts expect that VEON Ltd. will post 7.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Benchmark restated a “buy” rating on shares of VEON in a research note on Monday, June 15th. Zacks Research upgraded VEON from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Rothschild & Co Redburn set a $74.00 price target on VEON and gave the company a “buy” rating in a research note on Thursday, April 16th. Weiss Ratings downgraded VEON from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 18th. Finally, Northland Securities assumed coverage on VEON in a report on Tuesday, June 9th. They issued an “outperform” rating and a $70.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Institutional Investors Weigh In On VEON

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. increased its position in VEON by 36.8% during the second quarter. Osaic Holdings Inc. now owns 1,443 shares of the Wireless communications provider’s stock worth $66,000 after buying an additional 388 shares during the last quarter. Royal Bank of Canada lifted its position in shares of VEON by 184.3% in the fourth quarter. Royal Bank of Canada now owns 2,431 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 1,576 shares during the last quarter. Truist Financial Corp lifted its position in shares of VEON by 5.1% in the fourth quarter. Truist Financial Corp now owns 4,014 shares of the Wireless communications provider’s stock worth $211,000 after buying an additional 195 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of VEON by 7.0% during the 4th quarter. Personal CFO Solutions LLC now owns 4,097 shares of the Wireless communications provider’s stock worth $215,000 after acquiring an additional 268 shares in the last quarter. Finally, CWM LLC bought a new stake in shares of VEON during the 4th quarter worth about $219,000. 21.30% of the stock is currently owned by institutional investors.

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.