Renaissance Capital upgraded shares of VimpelCom Ltd (NASDAQ:VIP) from a hold rating to a buy rating in a research note released on Wednesday. They currently have $4.30 target price on the stock, down from their prior target price of $5.10.

VIP has been the topic of a number of other research reports. Morgan Stanley initiated coverage on VimpelCom in a research report on Thursday, September 8th. They issued an overweight rating and a $5.70 price target on the stock. Bank of America Corp. set a $5.60 price target on VimpelCom and gave the company a buy rating in a research report on Monday, September 12th. Finally, Zacks Investment Research upgraded VimpelCom from a sell rating to a hold rating in a research report on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $5.54.

Shares of VimpelCom (NASDAQ:VIP) opened at 3.40 on Wednesday. The company’s market capitalization is $5.95 billion. VimpelCom has a 12 month low of $2.71 and a 12 month high of $5.08. The firm has a 50-day moving average of $4.21 and a 200 day moving average of $3.93.

A number of hedge funds and other institutional investors have recently bought and sold shares of VIP. Schwab Charles Investment Management Inc. increased its position in VimpelCom by 20.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 134,452 shares of the company’s stock worth $522,000 after buying an additional 23,229 shares during the period. Pine River Capital Management L.P. increased its position in VimpelCom by 110.5% in the second quarter. Pine River Capital Management L.P. now owns 263,112 shares of the company’s stock worth $1,020,000 after buying an additional 138,122 shares during the period. Jane Street Group LLC increased its position in VimpelCom by 379.6% in the second quarter. Jane Street Group LLC now owns 143,832 shares of the company’s stock worth $558,000 after buying an additional 113,839 shares during the period. A.R.T. Advisors LLC purchased a new position in VimpelCom during the second quarter worth $280,000. Finally, Parametric Portfolio Associates LLC increased its position in VimpelCom by 3.0% in the second quarter. Parametric Portfolio Associates LLC now owns 3,150,423 shares of the company’s stock worth $12,224,000 after buying an additional 93,005 shares during the period.

VimpelCom Company Profile

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.

5 Day Chart for NASDAQ:VIP

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