VimpelCom Ltd. (NASDAQ:VEON) Rating Increased to Hold at ValuEngine

ValuEngine upgraded shares of VimpelCom Ltd. (NASDAQ:VEON) from a sell rating to a hold rating in a research note published on Wednesday, June 28th.

VEON has been the subject of a number of other reports. Renaissance Capital cut shares of VimpelCom from an outperform rating to a market perform rating and set a $4.60 price objective for the company. in a research report on Thursday, March 2nd. Zacks Investment Research raised shares of VimpelCom from a hold rating to a buy rating and set a $4.50 target price for the company in a report on Thursday, March 16th. Credit Suisse Group reissued a buy rating and issued a $5.00 price objective on shares of VimpelCom in a report on Thursday, March 30th. ING Group started coverage on shares of VimpelCom in a report on Friday, March 10th. They issued a buy rating and a $5.80 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $6.50 target price on shares of VimpelCom in a research note on Thursday, May 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $5.31.

VimpelCom (NASDAQ VEON) traded up 0.73% on Wednesday, hitting $4.13. 1,841,485 shares of the stock were exchanged. VimpelCom has a 12 month low of $3.12 and a 12 month high of $4.51. The company has a 50-day moving average of $3.91 and a 200 day moving average of $4.02. The firm has a market cap of $7.22 billion, a P/E ratio of 3.39 and a beta of 2.30.

VimpelCom (NASDAQ:VEON) last posted its quarterly earnings data on Thursday, May 11th. The Wireless communications provider reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $2.28 billion during the quarter. VimpelCom had a net margin of 23.33% and a negative return on equity of 7.27%.

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A number of large investors have recently added to or reduced their stakes in VEON. Abrams Capital Management L.P. acquired a new stake in shares of VimpelCom during the first quarter valued at about $76,585,000. Macquarie Group Ltd. acquired a new stake in shares of VimpelCom during the first quarter valued at about $32,486,000. OZ Management LP acquired a new stake in shares of VimpelCom during the first quarter valued at about $31,987,000. Van ECK Associates Corp acquired a new stake in shares of VimpelCom during the first quarter valued at about $30,549,000. Finally, Raging Capital Management LLC acquired a new stake in shares of VimpelCom during the first quarter valued at about $26,798,000. 10.79% of the stock is owned by institutional investors.

VimpelCom Company Profile

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for VimpelCom (NASDAQ:VEON)

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