VimpelCom Ltd. (NASDAQ:VEON) Set to Announce Earnings on Thursday
VimpelCom Ltd. (NASDAQ:VEON) is set to release its earnings data before the market opens on Thursday, August 3rd.
VimpelCom (NASDAQ:VEON) last posted its quarterly earnings results on Thursday, May 11th. The Wireless communications provider reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $2.28 billion for the quarter. VimpelCom had a net margin of 23.33% and a negative return on equity of 7.27%.
VimpelCom Ltd. (NASDAQ:VEON) traded down 0.24% during trading on Thursday, hitting $4.10. 2,382,751 shares of the stock traded hands. VimpelCom Ltd. has a 52-week low of $3.12 and a 52-week high of $4.51. The stock has a market cap of $7.17 billion, a P/E ratio of 3.37 and a beta of 2.30. The company’s 50 day moving average price is $3.89 and its 200-day moving average price is $4.02.
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A number of research analysts have issued reports on the stock. J P Morgan Chase & Co upgraded shares of VimpelCom from an “underweight” rating to a “neutral” rating and upped their target price for the company from $4.00 to $4.50 in a report on Wednesday. ValuEngine upgraded shares of VimpelCom from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Zacks Investment Research lowered shares of VimpelCom from a “hold” rating to a “sell” rating in a report on Wednesday, June 7th. Royal Bank Of Canada restated a “buy” rating and issued a $6.50 target price on shares of VimpelCom in a report on Thursday, May 18th. Finally, Credit Suisse Group restated a “buy” rating and issued a $5.00 target price on shares of VimpelCom in a report on Thursday, March 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $5.31.
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