VimpelCom Ltd. (NASDAQ:VEON) Given Consensus Rating of “Buy” by Brokerages
VimpelCom Ltd. (NASDAQ:VEON) has been assigned a consensus rating of “Buy” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.50.
VEON has been the subject of several recent research reports. ValuEngine lowered VimpelCom from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. J P Morgan Chase & Co raised VimpelCom from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $4.00 to $4.50 in a research report on Wednesday, July 26th. Zacks Investment Research lowered VimpelCom from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Royal Bank Of Canada set a $7.00 price target on VimpelCom and gave the stock a “buy” rating in a research report on Wednesday.
Shares of VimpelCom (VEON) traded up 0.25% during trading on Friday, hitting $3.97. The company had a trading volume of 1,810,382 shares. The company has a market capitalization of $6.94 billion, a P/E ratio of 4.11 and a beta of 2.31. VimpelCom has a 52 week low of $3.12 and a 52 week high of $4.50. The stock’s 50-day moving average price is $4.00 and its 200 day moving average price is $4.02.
VimpelCom (NASDAQ:VEON) last released its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.09. The company had revenue of $2.42 billion during the quarter. VimpelCom had a negative return on equity of 8.29% and a net margin of 18.26%. On average, equities research analysts forecast that VimpelCom will post $0.28 earnings per share for the current year.
The firm also recently announced a None dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 14th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a yield of 2.63%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Stevens Capital Management LP acquired a new position in shares of VimpelCom during the first quarter valued at $117,000. Invictus RG acquired a new position in shares of VimpelCom during the first quarter valued at $131,000. Oxford Asset Management acquired a new position in shares of VimpelCom during the first quarter valued at $152,000. Carl Domino Inc acquired a new position in shares of VimpelCom during the first quarter valued at $237,000. Finally, KCG Holdings Inc. acquired a new position in shares of VimpelCom during the first quarter valued at $248,000. Hedge funds and other institutional investors own 10.98% of the company’s stock.
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VimpelCom Company Profile
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