VEON Ltd. (VEON) Stock Price & Analysis
VEON Ltd. (VEON) closed at USD 87.77 on Wednesday, October 28, 2026, down 0.07% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 87.83; the Oct 28, 2026 session ranged USD 87.02–88.5 on volume of 118,364 shares. Market capitalization is $6.04B, with a 52-week range of USD 42.6–88.5 (NMS). Source: Nexqual, retrieved October 29, 2026 at 07:36 UTC.
Also available as compact Markdown for AI agents: nexqual.com/VEON.md
Key facts (VEON)
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $1.1M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 90.02 (range 73.52–112).
- Total return with dividends: 1Y +83.4% vs S&P 500 +13.6%; 5Y +66.4% vs S&P 500 +79.8%.
- Next earnings: 2026-11-06, EPS estimate USD 1.72, revenue estimate $1.31B.
Insider purchases (SEC Form 4, open-market, last ~7 months) (VEON)
1 purchase, $1.1M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-06…2026-08-07 | Fabela Augie K Ii | Director | 20,000 | $1.1M | 56 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (VEON)
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 90.02 (low 73.52, high 112).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-02 | Cantor Fitzgerald | Initiated | Overweight | $112 |
| 2026-09-29 | Northland Capital Markets | Target raised | Outperform | $70 → $85 |
Total return (dividends reinvested) (VEON)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +83.4% | +66.4% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +83.8% | +10.7% |
| Volatility (annualized) | 44.9% | 68.8% |
| Max drawdown | -21.4% (Feb 2026→Mar 2026) | -85.8% (Oct 2021→Oct 2022) |
VEON major shareholder filing: Schedule 13D/A, Oct 16, 2026
Shah Capital Management, Shah Capital Fund LLC, Himanshu H. Shah filed a Schedule 13D/A with the SEC on Oct 16, 2026, reporting up to 6.72% of the class. A Schedule 13D is filed by an owner of more than 5% who may seek to influence the company. Item 4 (Purpose of Transaction), quoted from the filing:
Effective as of October 16, 2026, Shah Capital filed a Form ADV-W to voluntarily withdraw its registration as an investment adviser with the U.S. Securities and Exchange Commission. Consequently, Shah Capital no longer operates as a registered investment adviser, and the Reporting Persons have updated their regulatory status accordingly. As a result, the Reporting Persons no longer hold the shares with a purpose of influencing control and intend to report on Schedule 13G going forward. The Reporting Persons completed a restructuring of their investment management activities in connection with the formation of a family office. Himanshu Shah Family Office LLC has been established to manage the investments and financial affairs of Himanshu Shah's family which was previously managed by Shah Capital Management. As part of this restructuring, Shah Capital Management voluntarily withdrew its registration as an investment adviser with the U.S. Securities and Exchange Commission on October 16, 2026. In connection with the foregoing, Shah Capital Fund LLC has been formed and has became part of this family office structure. The securities reported herein may be held directly or indirectly through Shah Capital Fund LLC. …
Source: SEC EDGAR, Schedule 13D/A filed Oct 16, 2026. Quoted word for word; Nexqual adds no interpretation.
VEON earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $1.48 | $1.59 | Miss −6.9% | — |
| — | Quarter ended Mar 31, 2026 | $1.41 | $1.30 | Beat +8.5% | — |
| — | Quarter ended Dec 31, 2025 | −$0.41 | $1.87 | Miss −$2.28 | — |
| — | Quarter ended Sep 30, 2025 | −$0.47 | $1.38 | Miss −$1.85 | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
VEON recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 20, 2026 | 6-K | Current report (foreign issuer) · period ended Oct 20, 2026 |
| Oct 19, 2026 | 6-K | Current report (foreign issuer) · period ended Oct 19, 2026 |
| Oct 16, 2026 | Schedule 13G | Shah Capital Management, Shah Capital Fund LLC: 6.7% of shares, passive 5%+ holder |
| Oct 16, 2026 | Schedule 13D/A | Shah Capital Management, Shah Capital Fund LLC: 6.7% of shares, 5%+ holder that may seek to influence the company (amended) “Effective as of October 16, 2026, Shah Capital filed a Form ADV-W to voluntarily withdraw its registration as an investment adviser with the U.S. Securities and Exchange Commission. Consequently, Shah Capital no longer operates as a registered investment adviser, and the…” |
| Sep 25, 2026 | Schedule 13D/A | LPE Middle East Limited, L1TS (Cyprus) Ltd: 45.5% of shares, 5%+ holder that may seek to influence the company (amended) “to add the following at the end thereof: On September 22, 2026, the Issuer approved a buyback program for the repurchase and cancellation of 72,500,000 shares of its common stock (the "Common Stock") by way of on-market and negotiated purchases (the "Buyback Program"). On…” |
| Sep 23, 2026 | 6-K | Current report (foreign issuer) · period ended Sep 23, 2026 |
| Aug 10, 2026 | Schedule 13G/A | Giovanni Agnelli B.V., Exor N.V.: 7.1% of shares, passive 5%+ holder (amended) |
| Jul 31, 2026 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 |
| Jul 31, 2026 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
VEON suppliers, customers and competitors (named in its 20-F)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Huawei | “The majority of our network-related equipment is purchased from a core number of suppliers, such as Ericsson, Qvantel, Huawei, ZTE, and Nokia.” |
| Customer | Banglalink Digital Communications | “In Bangladesh, we operate through our operating company, Banglalink Digital Communications Limited ("BDCL" or "Banglalink") with our brands "Banglalink," "Toffee," "MYBL" and "RYZE." Banglalink provides mobile (on 2G, 3G (on a limited scale) 4G/LTE networks) and digital services to over 37.52 million mobile customers, out of which 49% are 4G users, as of December 31, 2025.” |
| Partner | KaR-Tel | “On October 24, 2025 KaR-Tel Limited Liability Partnership ("KaR-Tel") signed two bilateral credit facility agreements with Bank RBK JSC of KZT40 billion (US$74 million) and KZT11 billion (US$21 million) respectively, with a maturity of 5 years.” |
| Partner | Kyivstar Group Ltd. (KYIV) | “** On August 14, 2025, pursuant to a Business Combination Agreement with Cohen Circle Acquisition Corp. I (the "BCA"), VEON Amsterdam B.V. ("VEON Amsterdam") sold the post‑Demerger VEON Holdings (consisting solely of JSC Kyivstar) to Kyivstar Group Ltd. Upon the closing of the BCA, VEON Amsterdam held a 89.6% stake in Kyivstar Group Ltd., refer Note 11 - Significant transactions of these consolidated financial sta…” |
| Partner | Unitel | “On September 6, 2024 Unitel LLC signed a new credit facility agreement with Hamkor Bank for UZS 200 billion (US$15) with a maturity of 2 years and an interest rate of 25.80% per annum.” |
| Partner | Summit Towers | “We also have a long-term services agreement (with Summit Towers Limited) in respect of our network assets in Bangladesh, and a partnership with Starlink for Direct to Cell Connectivity pursuant a VEON Group framework agreement with Starlink as well as the Starlink agreements with our Ukraine and Kazakhstan connectivity businesses.” |
| Partner | Pakistan Mobile Communications | “In line with our asset light strategy, on December 5, 2024, PMCL signed an amalgamation agreement with Engro Corporation Limited ("Engro Corp") for the pooling and management of its infrastructure assets.” |
| Partner | Engro Corporation | “In line with our asset light strategy, on December 5, 2024, PMCL signed an amalgamation agreement with Engro Corporation Limited ("Engro Corp") for the pooling and management of its infrastructure assets.” |
| Related party | Impact Investments | “During the 2025, 2024 and 2023 reporting years and through the date of this Annual Report on Form 20-F, none of our Board of Directors have been involved in any material related party transactions with us, except as disclosed below in relation to Impact Investments.” |
Quoted from the company's 20-F filed Mar 16, 2026.
Companies that name VEON in their SEC reports
| Relationship to VEON | Company | Filing | Sentence |
|---|---|---|---|
| related | Kyivstar Group Ltd. (KYIV) | 20-F Mar 16, 2026 | “The decrease in working capital was primarily attributable to a reduction of current assets, including related party receivables resulting from the restructuring of intercompany loans between Kyivstar Holdings (formerly VEON Holdings B.V.) and VEON Amsterdam B.V., which were transferred to VEON entities outside of the Kyivstar Group in connection with the Demerger completed during 2025; reduction in cash and cash …” |
VEON analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.72 | $1.72 | +0.0% | $1.31B | 2 |
| Next quarter (ends Dec 2026) | $1.83 | $1.91 | -4.2% | $1.35B | 2 |
| Current fiscal year (ends Dec 2026) | $6.92 | $6.95 | -0.4% | $5.10B | 7 |
| Next fiscal year (ends Dec 2027) | $8.34 | $8.29 | +0.6% | $5.59B | 7 |
Key Statistics (as of October 29, 2026 at 07:36 UTC)
| Price | USD 87.77 |
|---|---|
| Change | ▼ 0.07% (down) |
| Previous Close | USD 87.83 |
| Open | USD 88.5 |
| Day Range | USD 87.02 – 88.5 |
| 52-Week Range | USD 42.6 – 88.5 |
| Volume | 118,364 shares |
| Market Cap | $6.04B |
| Exchange | NMS |
Technical Analysis (VEON)
Nexqual's technical model rates VEON "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 29, 2026 at 07:36 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 73.16 (overbought) |
| vs SMA50 | Above (USD 71.8) |
| MACD | 4.07 (positive) |
Analyst Ratings (VEON)
Wall Street analysts rate VEON "Buy" based on 5 analysts, with a mean price target of USD 90.02 (range USD 73.52–112), per Nexqual as of October 29, 2026 at 07:36 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 90.02 |
| High Target | USD 112 |
| Low Target | USD 73.52 |
| Buy / Hold / Sell | 5 / 0 / 0 |
Earnings (VEON)
| Next Earnings Date | 2026-11-06 |
|---|---|
| EPS Estimate | USD 1.72 |
| Revenue Estimate | $1.31B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.48 vs est 1.59 ▼ miss |
| 2026-03-31 | USD 1.41 vs est 1.3 ▲ beat |
| 2025-12-31 | USD -0.41 vs est 1.87 ▼ miss |
| 2025-09-30 | USD -0.47 vs est 1.38 ▼ miss |
Source: Nexqual, October 29, 2026 at 07:36 UTC.
Financials & Fundamentals (VEON)
| Total Revenue | $4.76B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +16.90% |
| Gross Margin | +87.07% |
| Operating Margin | +25.81% |
| Profit Margin | +1.24% |
| ROE | +7.49% |
| Debt / Equity | 3.05 |
| Current Ratio | 0.97 |
| Total Cash | $2.69B |
| Total Debt | $5.85B |
Source: Nexqual, October 29, 2026 at 07:36 UTC.
Financial Health Score (VEON)
Nexqual rates VEON Ltd.'s overall financial health "Mixed" across five dimensions, as of October 29, 2026 at 07:36 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 87%, operating 26% (last 12 months) |
| Balance Sheet | Critical — $2.69B cash vs $5.85B debt |
| Cash Flow | Solid — Operating cash flow $1.64B (TTM) |
| Efficiency | Mixed — ROE 7%, ROA 8.5% |
Ownership (VEON)
| Insider Ownership | +2.25% |
|---|---|
| Institutional Ownership | +23.96% |
| Shares Outstanding | 68.86M |
| Float | 62.71M |
| Short % of Float | +0.60% |
Source: Nexqual, October 29, 2026 at 07:36 UTC.
Leadership (VEON)
VEON Ltd. is led by Muhterem Kaan Terzioglu, Group CEO & Director, per Nexqual as of October 29, 2026 at 07:36 UTC.
| Group CEO & Director | Muhterem Kaan Terzioglu |
|---|---|
| Group Chief Financial Officer | Burak Ozer |
| Chief Operating Officer of Beeline Uzbekistan | Andrey Pyatakhin |
Major Backers & Investors (VEON)
Notable institutional backers of VEON Ltd. include Lingotto Investment Management LLP, Shah Capital Management, Solus Alternative Asset Management LP, according to Nexqual as of October 29, 2026 at 07:36 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Lingotto Investment Management LLP | 7.12% |
| Shah Capital Management | 6.29% |
| Solus Alternative Asset Management LP | 1.2% |
| Wellington Management | 1.05% |
| Morgan Stanley | 1.01% |
| Panview Capital Ltd | 0.85% |
| Vr Advisory Services Ltd | 0.81% |
| HARTFORD MUTUAL FUNDS INC/CT-The Hartford International Value Fund | 0.43% |
Source: Nexqual, October 29, 2026 at 07:36 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SKM | SK Telecom Co., Ltd. | USD 31.82 | ▲ 1.11% |
| TIGO | Millicom International Cellular | USD 79.66 | ▼ 0.2% |
| TU | Telus Corporation | USD 8.55 | ▼ 0.47% |
| CHTR | Charter Communications, Inc. | USD 105.39 | ▲ 0.44% |
| RCI | Rogers Communication, Inc. | USD 31.3 | ▼ 1.48% |
| VIV | Telefonica Brasil S.A. | USD 11.42 | ▼ 1.55% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 07:36 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt