VimpelCom Ltd. (NASDAQ:VEON) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,370,786 shares, a growth of 56.4% from the October 13th total of 2,154,956 shares. Based on an average daily volume of 3,416,744 shares, the short-interest ratio is presently 1.0 days.
VEON has been the topic of a number of recent analyst reports. J P Morgan Chase & Co upgraded VimpelCom from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $4.00 to $4.50 in a research note on Wednesday, July 26th. ValuEngine cut VimpelCom from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded VimpelCom from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada set a $7.00 target price on VimpelCom and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, BidaskClub upgraded VimpelCom from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. VimpelCom presently has an average rating of “Hold” and a consensus price target of $5.35.
A number of institutional investors have recently made changes to their positions in the stock. Investec Asset Management LTD bought a new stake in VimpelCom in the 3rd quarter valued at about $25,977,000. Investec Asset Management North America Inc. bought a new stake in VimpelCom in the 3rd quarter valued at about $6,799,000. Goldman Sachs Group Inc. bought a new stake in VimpelCom in the 1st quarter valued at about $4,867,000. Credit Suisse AG bought a new stake in VimpelCom in the 1st quarter valued at about $421,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in VimpelCom in the 1st quarter valued at about $899,000. Institutional investors and hedge funds own 12.13% of the company’s stock.
Shares of VimpelCom (NASDAQ VEON) opened at $3.72 on Tuesday. VimpelCom has a 52 week low of $3.21 and a 52 week high of $4.50. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.94 and a quick ratio of 0.92.
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VimpelCom Company Profile
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