VimpelCom Ltd. (NASDAQ:VEON) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “VEON Ltd. is engaged in telecommunication and digital services. It provides customers with voice, fixed broadband, data and digital services. The company’s brand portfolio includes Beeline, Kyivstar, WIND, Jazz, Banglalink and Djezzy. It operates primarily in Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia and Laos. VEON Ltd, formerly known as VimpelCom Ltd., is headquartered in Amsterdam, Netherland. “

Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $6.50 target price on shares of VimpelCom in a research note on Thursday, May 18th. ValuEngine cut VimpelCom from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Finally, J P Morgan Chase & Co raised VimpelCom from an “underweight” rating to a “neutral” rating and raised their target price for the company from $4.00 to $4.50 in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $5.31.

VimpelCom (NASDAQ VEON) traded up 0.841% during midday trading on Tuesday, hitting $4.195. 1,357,963 shares of the company traded hands. VimpelCom has a 12-month low of $3.12 and a 12-month high of $4.51. The stock has a 50 day moving average of $3.92 and a 200 day moving average of $4.02. The stock has a market cap of $7.34 billion, a P/E ratio of 3.447 and a beta of 2.31.

VimpelCom (NASDAQ:VEON) last announced its earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.09. VimpelCom had a net margin of 18.26% and a negative return on equity of 8.29%. The firm had revenue of $2.42 billion for the quarter. Equities research analysts predict that VimpelCom will post $0.32 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL bought a new position in VimpelCom during the first quarter worth $2,432,000. UBS Asset Management Americas Inc. acquired a new stake in shares of VimpelCom during the first quarter worth approximately $2,247,000. World Asset Management Inc acquired a new stake in shares of VimpelCom during the first quarter worth approximately $446,000. BNP Paribas Arbitrage SA acquired a new stake in shares of VimpelCom during the first quarter worth approximately $1,596,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of VimpelCom during the first quarter worth approximately $1,503,000. Institutional investors and hedge funds own 10.98% of the company’s stock.

VimpelCom Company Profile

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Analyst Recommendations for VimpelCom (NASDAQ:VEON)

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