VimpelCom Ltd. (NASDAQ:VEON) has received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $5.45.
Several research analysts have weighed in on the company. ValuEngine upgraded VimpelCom from a “sell” rating to a “hold” rating in a report on Monday, September 11th. BidaskClub upgraded VimpelCom from a “hold” rating to a “buy” rating in a report on Saturday, September 9th. Royal Bank Of Canada set a $7.00 target price on VimpelCom and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded VimpelCom from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, 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 report on Wednesday, July 26th.
Several large investors have recently added to or reduced their stakes in the stock. Investec Asset Management LTD acquired a new stake in shares of VimpelCom in the third quarter valued at about $25,977,000. Investec Asset Management North America Inc. acquired a new stake in shares of VimpelCom in the third quarter valued at about $6,799,000. Goldman Sachs Group Inc. acquired a new stake in shares of VimpelCom in the first quarter valued at about $4,867,000. Credit Suisse AG acquired a new stake in shares of VimpelCom in the first quarter valued at about $421,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of VimpelCom in the first quarter valued at about $899,000. 12.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of VimpelCom (VEON) traded up $0.05 during trading on Monday, hitting $3.94. The company had a trading volume of 6,016,392 shares, compared to its average volume of 3,758,579. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 2.29. VimpelCom has a twelve month low of $3.21 and a twelve month high of $4.50.
VimpelCom Company Profile
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