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.

TRADEMARK VIOLATION WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of international trademark and copyright law. The original version of this report can be read at https://www.americanbankingnews.com/2017/09/09/vimpelcom-ltd-veon-stock-rating-upgraded-by-bidaskclub.html.

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.

About VimpelCom

Analyst Recommendations for VimpelCom (NASDAQ:VEON)

Receive News & Ratings for VimpelCom Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VimpelCom Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.