VEON Ltd. (VEON) – Don’t Be So Quick to Call it Dead

VEON Ltd. (NASDAQ: VEON) is 12.58% higher on its value in year-to-date trading and has touched a low of $1.20 and a high of $2.78 in the current 52-week trading range. The VEON stock was last observed hovering at around $1.65 in the last trading session, with the day’s gains setting it 0.05% off its average median price target of $1.80 for the next 12 months. It is also 41.38% off the consensus price target high of $2.90 offered by 13 analysts, but current levels are -13.33% lower than the price target low of $1.50 for the same period.


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Currently trading at $1.70, the stock is 7.63% and 15.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.86 million and changing 3.03% at the moment leaves the stock 11.57% off its SMA200. VEON registered -33.85% loss for a year compared to 6-month loss of -3.95%. The firm has a 50-day simple moving average (SMA 50) of $1.5409 and a 200-day simple moving average (SMA200) of $1.4977.

The stock witnessed a 6.25% gain in the last 1 month and extending the period to 3 months gives it a 30.77%, and is 11.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.30% over the week and 4.09% over the month.

VEON Ltd. (VEON) has around 46492 employees, a market worth around $3.06B and $8.24B in sales. Fwd P/E is 6.61. Profit margin for the company is -4.10%. Distance from 52-week low is 41.67% and -38.85% from its 52-week high. The company has generated returns on investments over the last 12 months (13.10%).

VEON Ltd. (VEON) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for VEON Ltd. (VEON) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

VEON Ltd. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $1.97B over the same period.The EPS is expected to grow by 256.40% this year, but quarterly earnings will post -9.70% year-over-year. Quarterly sales are estimated to shrink -12.50% in year-over-year returns.

VEON Ltd. (VEON) Top Institutional Holders

160 institutions hold shares in VEON Ltd. (VEON), with 982.31M shares held by insiders accounting for 56.16% while institutional investors hold 53.97% of the company’s shares. The shares outstanding are 1.75B, and float is at 907.87M with Short Float at 1.59%. Institutions hold 23.66% of the Float.

The top institutional shareholder in the company is Exor Investments (UK) LLP with over 53.11 million shares valued at $66.92 million. The investor’s holdings represent 3.04% of the VEON Shares outstanding. As of Sep 29, 2020, the second largest holder is TT International Asset Management LTD with 46.45 million shares valued at $58.53 million to account for 2.66% of the shares outstanding. The other top investors are Morgan Stanley which holds 33.3 million shares representing 1.90% and valued at over $41.96 million, while Acadian Asset Management holds 1.28% of the shares totaling 22.45 million with a market value of $28.29 million.

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VEON Ltd. (VEON): Who are the competitors?

The company’s main competitors (and peers) include Vodafone Group Plc (VOD) that is trading -8.13% down over the past 12 months. TELUS Corporation (TU) is 6.96% up on the 1-year trading charts. Short interest in the company’s stock has risen 29.27% from the last report on Nov 12, 2020 to stand at a total of 10.22 million short shares sold with a short interest ratio of 4.72.

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