VimpelCom Ltd. (NASDAQ:VEON) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,470,175 shares, a decrease of 23.0% from the August 15th total of 3,206,381 shares. Based on an average trading volume of 1,564,035 shares, the days-to-cover ratio is presently 1.6 days.

Shares of VimpelCom (VEON) opened at 4.36 on Friday. VimpelCom has a 52-week low of $3.12 and a 52-week high of $4.50. The firm has a market cap of $7.63 billion, a P/E ratio of 4.52 and a beta of 2.23. The company’s 50-day moving average is $4.13 and its 200-day moving average is $4.01.

VimpelCom (NASDAQ:VEON) last announced its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.09). The firm had revenue of $2.42 billion for the quarter. VimpelCom had a net margin of 18.26% and a negative return on equity of 8.29%. Equities research analysts forecast that VimpelCom will post $0.34 earnings per share for the current fiscal year.

The company also recently declared a None dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 14th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 2.63%.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of VimpelCom from a “sell” rating to a “hold” rating in a research note on Tuesday, May 23rd. ValuEngine downgraded shares of VimpelCom from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. Royal Bank Of Canada set a $7.00 target price on shares of VimpelCom and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub raised shares of VimpelCom from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Finally, J P Morgan Chase & Co raised shares of VimpelCom from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $4.00 to $4.50 in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.31.

Several institutional investors have recently made changes to their positions in VEON. State of New Jersey Common Pension Fund D acquired a new stake in shares of VimpelCom during the 1st quarter valued at about $300,000. Russell Investments Group Ltd. bought a new position in shares of VimpelCom in the 1st quarter valued at approximately $1,862,000. Wells Fargo & Company MN bought a new position in shares of VimpelCom in the 1st quarter valued at approximately $1,104,000. First Trust Advisors LP bought a new position in shares of VimpelCom in the 1st quarter valued at approximately $4,240,000. Finally, Advisors Asset Management Inc. bought a new position in shares of VimpelCom in the 1st quarter valued at approximately $599,000. Institutional investors and hedge funds own 12.48% of the company’s stock.

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VimpelCom Company Profile

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