VimpelCom Hits New 52-Week Low at $8.19 (VIP)
VimpelCom (NYSE:VIP)’s share price reached a new 52-week low during mid-day trading on Monday , AmericanBankingNews.com reports. The stock traded as low as $8.19 and last traded at $8.47, with a volume of 1,520,373 shares trading hands. The stock had previously closed at $8.55.
VIP has been the subject of a number of recent research reports. Analysts at Credit Suisse cut their price target on shares of VimpelCom from $10.00 to $8.00 in a research note on Thursday. Separately, analysts at TheStreet downgraded shares of VimpelCom from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th. Finally, analysts at TheStreet downgraded shares of VimpelCom from a “hold” rating to a “sell” rating in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. VimpelCom presently has a consensus rating of “Hold” and an average target price of $11.30.
The stock’s 50-day moving average is $9.32 and its 200-day moving average is $11.46. The company’s market cap is $14.840 billion.
VimpelCom (NYSE:VIP) last announced its earnings results on Thursday, March 6th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $1.35. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.71 billion. On average, analysts predict that VimpelCom will post $0.82 earnings per share for the current fiscal year.
VimpelCom Ltd. (NYSE:VIP) is a holding company.
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