Vimpelcom Ltd Lowered to “Hold” at Deutsche Bank (VIP)
Vimpelcom Ltd (NYSE:VIP) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Shares of Vimpelcom Ltd (NYSE:VIP) traded up 1.64% on Monday, hitting $14.24. 4,854,492 shares of the company’s stock traded hands. Vimpelcom Ltd has a 52 week low of $9.56 and a 52 week high of $12.82. The stock’s 50-day moving average is $10.67 and its 200-day moving average is $10.92. The company has a market cap of $24.726 billion and a price-to-earnings ratio of 9.96.
Vimpelcom Ltd (NYSE:VIP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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.
A number of other analysts have also recently weighed in on VIP. Analysts at Morgan Stanley upgraded shares of Vimpelcom Ltd from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, October 16th. They now have a $14.50 price target on the stock, up previously from $12.00. Separately, analysts at Zacks downgraded shares of Vimpelcom Ltd from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 15th. They now have a $11.80 price target on the stock. Finally, 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, October 15th. They now have an “underweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.72.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.