All You Need to Know About VEON (VEON) Rating Upgrade to Strong Buy

Core Viewpoint - VEON Ltd. has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - Changes in a company's future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [3]. - Institutional investors utilize earnings estimates to calculate the fair value of a company's shares, leading to buying or selling actions that affect stock prices [3]. VEON's Earnings Outlook - The recent rating upgrade for VEON indicates an improvement in the company's underlying business, which is expected to positively influence its stock price [4]. - Analysts have raised their earnings estimates for VEON, with the Zacks Consensus Estimate increasing by 112% over the past three months [7]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [6]. - The upgrade of VEON to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for near-term price increases [9].