VimpelCom Ltd (NASDAQ:VIP) has earned an average recommendation of “Buy” from the eleven analysts that are covering the firm. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.63.
A number of research firms have weighed in on VIP. VTB Capital upgraded VimpelCom from a “hold” rating to a “buy” rating in a report on Friday, September 16th. Renaissance Capital upgraded VimpelCom from a “hold” rating to a “buy” rating and reduced their target price for the stock from $5.10 to $4.30 in a report on Wednesday, September 14th. Bank of America Corp. set a $5.60 target price on VimpelCom and gave the stock a “buy” rating in a report on Monday, September 12th. Morgan Stanley began coverage on VimpelCom in a report on Thursday, September 8th. They set an “overweight” rating and a $5.70 target price on the stock. Finally, Zacks Investment Research upgraded VimpelCom from a “sell” rating to a “hold” rating in a report on Thursday, August 18th.
Shares of VimpelCom (NASDAQ:VIP) opened at 3.48 on Tuesday. The stock’s market capitalization is $6.09 billion. The firm has a 50-day moving average price of $3.94 and a 200-day moving average price of $3.90. VimpelCom has a 52-week low of $2.71 and a 52-week high of $4.51.
A number of institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd boosted its position in VimpelCom by 37.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 26,385 shares of the company’s stock valued at $102,000 after buying an additional 7,136 shares during the period. Royal Bank of Canada boosted its position in VimpelCom by 7.2% in the first quarter. Royal Bank of Canada now owns 28,171 shares of the company’s stock valued at $120,000 after buying an additional 1,888 shares during the period. Allianz Asset Management AG acquired a new position in VimpelCom during the second quarter valued at about $182,000. BNP Paribas Arbitrage SA boosted its position in VimpelCom by 48.3% in the second quarter. BNP Paribas Arbitrage SA now owns 47,202 shares of the company’s stock valued at $183,000 after buying an additional 15,381 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in VimpelCom during the second quarter valued at about $280,000.
VimpelCom Ltd. is an international communications and technology company. The Company provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies and operates in Russia, Algeria, Pakistan, Bangladesh, Ukraine, Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia, Tajikistan, Georgia, Laos, Zimbabwe and Italy.
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