VimpelCom Ltd. (VEON) Stock Rating Upgraded by BidaskClub
VimpelCom Ltd. (NASDAQ:VEON) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.
Several other research analysts have also commented on VEON. Royal Bank Of Canada reaffirmed a “buy” rating and set a $6.50 target price on shares of VimpelCom in a research report on Thursday, May 18th. Zacks Investment Research raised VimpelCom from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. ValuEngine lowered VimpelCom from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. Finally, J P Morgan Chase & Co raised VimpelCom from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $4.00 to $4.50 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $5.35.
Shares of VimpelCom (NASDAQ:VEON) traded down 1.42% during midday trading on Friday, reaching $4.18. The company’s stock had a trading volume of 912,678 shares. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 4.33 and a beta of 2.23. VimpelCom has a 52 week low of $3.12 and a 52 week high of $4.50. The firm’s 50 day moving average is $4.09 and its 200 day moving average is $4.01.
VimpelCom (NASDAQ:VEON) last released its quarterly earnings data on Thursday, August 3rd. The Wireless communications provider reported ($0.06) EPS for the quarter, missing the 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 company had revenue of $2.42 billion during the quarter. Equities analysts forecast that VimpelCom will post $0.34 EPS for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. bought a new stake in VimpelCom in the first quarter valued at about $4,867,000. Macquarie Group Ltd. bought a new stake in VimpelCom in the first quarter valued at about $32,486,000. Credit Suisse AG bought a new stake in VimpelCom in the first quarter valued at about $421,000. Marathon Asset Management LP bought a new stake in VimpelCom in the first quarter valued at about $408,000. Finally, BlueCrest Capital Management Ltd bought a new stake in VimpelCom in the first quarter valued at about $1,201,000. 12.48% of the stock is owned by hedge funds and other institutional investors.
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