VimpelCom Ltd. (NASDAQ:VEON) has earned a consensus rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $5.45.

Several equities research analysts have commented on VEON shares. ValuEngine lowered shares of VimpelCom from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of VimpelCom from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Thursday, October 5th. J P Morgan Chase & Co upgraded shares of VimpelCom from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $4.00 to $4.50 in a research note on Wednesday, July 26th. BidaskClub upgraded shares of VimpelCom from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Finally, Royal Bank Of Canada set a $7.00 price objective on shares of VimpelCom and gave the company a “buy” rating in a research note on Wednesday, August 9th.

Hedge funds have recently modified their holdings of the company. Invictus RG purchased a new stake in shares of VimpelCom during the 1st quarter worth approximately $131,000. KCG Holdings Inc. purchased a new stake in shares of VimpelCom during the 1st quarter worth approximately $248,000. UBS Group AG purchased a new stake in shares of VimpelCom during the 1st quarter worth approximately $263,000. Credit Suisse AG purchased a new stake in shares of VimpelCom during the 1st quarter worth approximately $421,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of VimpelCom during the 1st quarter worth approximately $899,000. Institutional investors own 11.72% of the company’s stock.

Shares of VimpelCom (VEON) traded up 0.78% during trading on Thursday, reaching $3.88. The company’s stock had a trading volume of 3,172,765 shares. The firm has a market cap of $6.79 billion, a PE ratio of 4.02 and a beta of 2.20. VimpelCom has a 12 month low of $3.15 and a 12 month high of $4.50. The stock’s 50 day moving average price is $4.09 and its 200-day moving average price is $4.01.

VimpelCom (NASDAQ:VEON) last posted its quarterly earnings data 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 firm had revenue of $2.42 billion during the quarter. VimpelCom had a net margin of 18.26% and a negative return on equity of 8.29%. Equities analysts predict that VimpelCom will post $0.31 EPS for the current year.

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VimpelCom Company Profile

Analyst Recommendations for VimpelCom (NASDAQ:VEON)

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