VEON Ltd. (VEON) - Stock Analysis

Last updated: Sep 6, 2026

Research Idea

Research content for general circulation. Not individualized advice. Methodology & Disclosures

VEON gained 19.3% over 21 sessions and traded 10.6% above its 21-day average. Management raised its 2026 revenue and EBITDA outlook, second-quarter digital revenue grew 53.6%, and Banglalink's payment-service launch targeted for September adds a current catalyst.

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Idea window: 9/11/2026 – 9/18/2026Sector: Communication Services

AI Analyst Overview

Last Price
$67.87
Market Cap
$4.70B
1D Return
-1.87%
YTD Return
+29.10%

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Valuation Metrics

P/E
99.8
P/B
3.1
P/S
1.0
EV/EBITDA
6.3
Div Yield
—

Fundamental Analysis

5.0

Key Financial Insights: • Strong Annual Profits • Tight Liquidity Position • Rising Debt Burden VEON is profitable and attractively valued on annual metrics, but weakening quarterly margins, tight liquidity, and high leverage warrant caution.

Profitability
LeverageRisk

Price Behavior

6.0

Key Price Behavior Insights: • Higher lows • Resistance test • Pullback risk Support Level: $62.30; stronger support $60.40–$60.85 Resistance Level: $65.75–$66.25 VEON remains bullish over the last month, but a pullback from $66.25 warrants caution unless it breaks $65.75–$66.25, while holding $62.30 preserves momentum.

Bullish
Caution

Sentiment & News

7.0

Key News Insights: • Upside potential • Mukto Pay • Upcoming catalysts VEON shows bullish valuation potential and digital-services expansion, with Mukto Pay and upcoming results/capital-markets updates as key catalysts.

VEON
DigitalGrowth
AI

AI Summary

6.0
Neutral

VEON's upside now depends on proving its fast-growing digital businesses convert into durable cash flow and returns above the cost of capital, while high leverage and thin interest coverage make further debt-funded expansion a material execution risk—investors should await evidence of digital monetization and deleveraging before chasing the rally.

DigitalGrowth
LeverageRisk
Execution
AI summary updated 6 days ago

Description

VEON Ltd. is a telecommunications holding that delivers mobile and fixed-line voice, data and broadband services across several Eurasian and African markets. Through regional brands such as Beeline, Kyivstar, Jazz, Djezzy and banglalink it also offers a range of supplemental services—messaging, mobile internet, mobile finance, machine-to-machine connectivity—and sells devices and accessories. The company, founded in 1992 and headquartered in Amsterdam, serves roughly 220 million customers across Russia, Pakistan, Algeria, Uzbekistan, Ukraine, Bangladesh, Kazakhstan, Kyrgyzstan and Georgia.

Idea History

DateCloseTickerCompanySummaryStatusP/L
Sep 11Sep 18VEONVEON Ltd.
VEON gained 19.3% over 21 sessions and traded 10.6% above its 21-day average. Management raised its 2026 revenue and EBITDA outlook, second-quarter digital revenue grew 53.6%, and Banglalink's payment-service launch targeted for September adds a current catalyst.
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Research content for educational purposes only. Not investment advice. All decisions are your responsibility.