VimpelCom Ltd (ADR) Receives “Hold” Rating from Otkritie Capital (VIP)
VimpelCom Ltd (ADR) (NYSE:VIP)‘s stock had its “hold” rating reiterated by equities researchers at Otkritie Capital in a research report issued on Thursday, American Banking and Market News reports. They currently have a $10.00 price objective on the stock, down from their previous price objective of $11.30. Otkritie Capital’s price objective indicates a potential upside of 28.04% from the company’s current price.
VIP has been the subject of a number of other recent research reports. Analysts at UFS reiterated a “buy” rating on shares of VimpelCom Ltd (ADR) in a research note on Thursday. They now have a $14.19 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of VimpelCom Ltd (ADR) in a research note on Thursday. They now have a $9.00 price target on the stock, down previously from $10.20. Finally, analysts at JPMorgan Chase & Co. downgraded shares of VimpelCom Ltd (ADR) from a “neutral” rating to an “underweight” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. VimpelCom Ltd (ADR) presently has a consensus rating of “Hold” and an average price target of $10.23.
Shares of VimpelCom Ltd (NYSE:VIP) opened at 7.81 on Thursday. VimpelCom Ltd has a 52 week low of $7.61 and a 52 week high of $14.74. The stock’s 50-day moving average is $8.49 and its 200-day moving average is $10.67. The company’s market cap is $13.668 billion.
VimpelCom Ltd (ADR) (NYSE:VIP) last issued its quarterly earnings data on Thursday, March 6th. The company reported $1.53 earnings per share for the quarter, beating the analysts’ 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 Ltd will post $0.86 earnings per share for the current fiscal year.
VimpelCom Ltd. (NYSE:VIP) is a holding company.
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