BofA Securities lifts VEON Ltd. [VEON] price estimate. Who else is bullish?

VEON Ltd. [NASDAQ: VEON] traded at a low on Thursday, posting a -1.69 loss after which it closed the day’ session at $1.75. The company report on February 22, 2021 that VEON’s Mobilink Microfinance Bank wins prestigious Diversity & Inclusion CSR Award.

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Humqadam sustainability initiative provides individuals with disabilities digital and financial skills for the corporate world.

VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that its digital bank in Pakistan, Mobilink Microfinance Bank (MMBL), has won a CSR award as a “Diversity & Inclusion Leader” for its Humqadam initiative at the 10th Annual CSR Summit in Pakistan.

The results of the trading session contributed to over 7464074 shares changing hands. Over the past one week, the price volatility of VEON Ltd. stands at 4.26% while the volatility over the past one month is 4.02%.

The market cap for VEON stock reached $3.02 billion, with 1.75 billion shares outstanding and 851.23 million shares in the current float. Compared to the average trading volume of 3.61M shares, VEON reached a trading volume of 7464074 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about VEON Ltd. [VEON]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VEON shares is $2.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VEON stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for VEON Ltd. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 27, 2021. The new note on the price target was released on January 25, 2021, representing the official price target for VEON Ltd. stock.

The Average True Range (ATR) for VEON Ltd. is set at 0.07, with the Price to Sales ratio for VEON stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 19.44, with the Price to Cash per share for the same quarter was set at 1.02. Price to Free Cash Flow for VEON in the course of the last twelve months was 7.43 with Quick ratio for the last quarter at 0.60.

How has VEON stock performed recently?

VEON Ltd. [VEON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.74. With this latest performance, VEON shares gained by 6.71% in over the last four-week period, additionally plugging by 28.68% over the last 6 months – not to mention a drop of -14.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VEON stock in for the last two-week period is set at 50.12, with the RSI for the last a single of trading hit 47.14, and the three-weeks RSI is set at 52.03 for VEON Ltd. [VEON]. The present Moving Average for the last 50 days of trading for this stock 1.7152, while it was recorded at 1.7680 for the last single week of trading, and 1.5632 for the last 200 days.

VEON Ltd. [VEON]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and VEON Ltd. [VEON] shares currently have an operating margin of +19.24 and a Gross Margin at +52.27. VEON Ltd.’s Net Margin is presently recorded at -4.37.

Return on Total Capital for VEON is now 13.31, given the latest momentum, and Return on Invested Capital for the company is -3.99. Return on Equity for this stock declined to -49.97, with Return on Assets sitting at -2.34. When it comes to the capital structure of this company, VEON Ltd. [VEON] has a Total Debt to Total Equity ratio set at 6,169.33. Additionally, VEON Total Debt to Total Capital is recorded at 98.40, with Total Debt to Total Assets ending up at 69.11. Long-Term Debt to Equity for the company is recorded at 5,418.40, with the Long-Term Debt to Total Capital now at 86.43.

Receivables Turnover for the company is 11.28 with a Total Asset Turnover recorded at a value of 0.53.VEON Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Earnings analysis for VEON Ltd. [VEON]

With the latest financial reports released by the company, VEON Ltd. posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VEON.

Insider trade positions for VEON Ltd. [VEON]

There are presently around $638 million, or 24.30% of VEON stock, in the hands of institutional investors. The top three institutional holders of VEON stocks are: EXOR INVESTMENTS (UK) LLP with ownership of 66,354,260, which is approximately 24.927% of the company’s market cap and around 39.60% of the total institutional ownership; PROSPERITY CAPITAL MANAGEMENT LTD, holding 51,770,198 shares of the stock with an approximate value of $90.6 million in VEON stocks shares; and MORGAN STANLEY, currently with $84.21 million in VEON stock with ownership of nearly 44.505% of the company’s market capitalization.

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Positions in VEON Ltd. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 40 institutional holders increased their position in VEON Ltd. [NASDAQ:VEON] by around 38,274,890 shares. Additionally, 52 investors decreased positions by around 23,136,571 shares, while 20 investors held positions by with 303,394,988 shares. The mentioned changes placed institutional holdings at 364,806,449 shares, according to the latest SEC report filing. VEON stock had 9 new institutional investments in for a total of 1,024,589 shares, while 19 institutional investors sold positions of 2,503,492 shares during the same period.

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