VimpelCom Ltd. (VEON) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of VimpelCom Ltd. (NASDAQ:VEON) from a sell rating to a hold rating in a research report report published on Monday morning.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of VimpelCom from a hold rating to a buy rating in a report on Saturday. Royal Bank Of Canada set a $7.00 target price on shares of VimpelCom and gave the stock a buy rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded shares of VimpelCom from a sell rating to a hold rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co upgraded shares of VimpelCom from an underweight rating to a neutral rating and raised their target price for the stock from $4.00 to $4.50 in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. VimpelCom presently has an average rating of Buy and an average target price of $5.35.

VimpelCom (NASDAQ VEON) opened at 4.20 on Monday. The company has a market cap of $7.35 billion, a PE ratio of 4.35 and a beta of 2.23. The firm’s 50 day moving average is $4.09 and its 200 day moving average is $4.00. VimpelCom has a 52-week low of $3.12 and a 52-week high of $4.50.

VimpelCom (NASDAQ:VEON) last posted its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) EPS for the quarter, missing the Zacks’ 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 firm had revenue of $2.42 billion for the quarter. Analysts forecast that VimpelCom will post $0.34 EPS for the current fiscal year.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stevens Capital Management LP bought a new position in VimpelCom in the first quarter worth approximately $117,000. Invictus RG bought a new position in VimpelCom in the first quarter worth approximately $131,000. Oxford Asset Management bought a new position in VimpelCom in the first quarter worth approximately $152,000. KCG Holdings Inc. bought a new position in VimpelCom in the first quarter worth approximately $248,000. Finally, UBS Group AG bought a new position in VimpelCom in the first quarter worth approximately $263,000. Institutional investors and hedge funds own 12.48% of the company’s stock.

VimpelCom Company Profile

Analyst Recommendations for VimpelCom (NASDAQ:VEON)

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