VimpelCom Ltd Price Target Cut to $9.00 by Analysts at Barclays (VIP)
Research analysts at Barclays lowered their price objective on shares of VimpelCom Ltd (NYSE:VIP) from $9.50 to $9.00 in a report released on Thursday. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective suggests a potential upside of 9.76% from the stock’s previous close.
Shares of VimpelCom Ltd (NYSE:VIP) traded down 2.80% during mid-day trading on Thursday, hitting $7.97. The stock had a trading volume of 1,330,088 shares. VimpelCom Ltd has a one year low of $7.53 and a one year high of $14.74. The stock’s 50-day moving average is $8.45 and its 200-day moving average is $8.. The company’s market cap is $15.542 billion.
VimpelCom Ltd (NYSE:VIP) last announced its earnings results on Wednesday, August 6th. The company reported $0.06 earnings per share (EPS) for the quarter. During the same quarter in the previous year, the company posted $0.26 earnings per share. On average, analysts predict that VimpelCom Ltd will post $0.73 earnings per share for the current fiscal year.
A number of other firms have also recently commented on VIP. Analysts at Bank of America upgraded shares of VimpelCom Ltd from a “neutral” rating to a “buy” rating in a research note on Thursday, July 24th. They now have a $10.50 price target on the stock. Separately, analysts at Zacks upgraded shares of VimpelCom Ltd from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 15th. They now have a $8.80 price target on the stock. Finally, analysts at Zacks downgraded shares of VimpelCom Ltd from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 11th. They now have a $8.40 price target on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. VimpelCom Ltd presently has a consensus rating of “Hold” and an average price target of $10.24.
VimpelCom Ltd. (NYSE:VIP) is a holding company.
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