Vimpelcom Ltd Rating Lowered to Underperform at Zacks (VIP)
Vimpelcom Ltd (NYSE:VIP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a $11.80 price objective on the stock. Zacks‘ price target points to a potential downside of 4.61% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Vimpelcom Ltd from $10.50 to $11.50 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Vimpelcom Ltd in a research note to investors on Friday, August 30th. They set an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Vimpelcom Ltd from $15.00 to $13.50 in a research note to investors on Tuesday, August 20th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.27.
Vimpelcom Ltd (NYSE:VIP) traded down 0.16% during mid-day trading on Tuesday, hitting $12.35. 870,941 shares of the company’s stock traded hands. Vimpelcom Ltd has a 1-year low of $9.56 and a 1-year high of $12.82. The stock has a 50-day moving average of $11.47 and a 200-day moving average of $10.89. The company has a market cap of $21.444 billion and a price-to-earnings ratio of 8.80.
Vimpelcom Ltd (NYSE:VIP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.06. The company had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $5.76 billion. On average, analysts predict that Vimpelcom Ltd will post $1.24 earnings per share for the current fiscal year.
VimpelCom Ltd., formerly New Spring Company Ltd., consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies.
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