VimpelCom Ltd Given Consensus Rating of “Hold” by Brokerages (NYSE:VIP)
VimpelCom Ltd (NYSE:VIP) has earned an average rating of “Hold” from the eleven ratings firms that are covering the stock, StockRatingsNetwork reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.40.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of VimpelCom Ltd from $9.50 to $9.00 in a research note on Thursday, August 7th. They now have an “equal weight” rating on the stock. 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.
Shares of VimpelCom Ltd (NYSE:VIP) opened at 8.72 on Thursday. VimpelCom Ltd has a 52 week low of $7.53 and a 52 week high of $14.74. The stock’s 50-day moving average is $8.43 and its 200-day moving average is $8.. The company’s market cap is $14.533 billion.
VimpelCom Ltd (NYSE:VIP) last posted its quarterly 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. Analysts expect that VimpelCom Ltd will post $0.69 EPS for the current fiscal year.
VimpelCom Ltd. (NYSE:VIP) is a holding company.
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