Vimpelcom Ltd Downgraded by HSBC to “Neutral” (VIP)
Vimpelcom Ltd (NYSE:VIP) was downgraded by equities researchers at HSBC from an “overweight” rating to a “neutral” rating in a research report issued on Wednesday, Stock Ratings News reports. They currently have a $11.00 price target on the stock. HSBC’s price target would indicate a potential upside of 8.48% from the stock’s previous close.
Shares of Vimpelcom Ltd (NYSE:VIP) opened at 10.14 on Wednesday. Vimpelcom Ltd has a 52 week low of $9.56 and a 52 week high of $14.74. The stock’s 50-day moving average is $12.29 and its 200-day moving average is $11.88. The company has a market cap of $17.238 billion and a P/E ratio of 9.60.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of Vimpelcom Ltd from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 9th. They now have a $10.00 price target on the stock, down previously from $11.00. Separately, analysts at Zacks upgraded shares of Vimpelcom Ltd from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $13.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Vimpelcom Ltd from $13.50 to $14.70 in a research note to investors on Monday, November 11th. They now have an “overweight” rating on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Vimpelcom Ltd presently has an average rating of “Hold” and an average target price of $12.46.
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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