Renaissance Capital upgraded shares of VimpelCom Ltd (NASDAQ:VIP) from a hold rating to a buy rating in a report published on Wednesday. The brokerage currently has $4.30 price objective on the stock, down from their prior price objective of $5.10.

VIP has been the topic of a number of other reports. Bank of America Corp. set a $5.60 price objective on VimpelCom and gave the company a buy rating in a research note on Monday, September 12th. Morgan Stanley started coverage on VimpelCom in a research note on Thursday, September 8th. They set an overweight rating and a $5.70 price objective on the stock. Finally, Zacks Investment Research raised VimpelCom from a sell rating to a hold rating in a research note on Thursday, August 18th. One investment 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. VimpelCom presently has a consensus rating of Buy and an average target price of $5.54.

VimpelCom (NASDAQ:VIP) opened at 3.40 on Wednesday. The company’s 50-day moving average price is $4.21 and its 200-day moving average price is $3.93. VimpelCom has a 1-year low of $2.71 and a 1-year high of $5.08. The firm’s market capitalization is $5.95 billion.

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

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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