VEON (Buy, TP: US$35/ADR, +76%) Q3 23 Quick Take: Strong delivery; full year guidance upgraded
VEON delivered a set of strong results today, with FY23 guidance upgraded across the board. All three guided metrics were above our expectations and we expect the market to react favourably. Given its market leadership in 3 out of the 4 key markets, we see the company as being strategically well positioned to capture good growth and therefore returns. We are Buyers with a price target of US$35/ADR.
Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.