ValuEngine Upgrades VimpelCom Ltd. (VEON) to “Hold”
VimpelCom Ltd. (NASDAQ:VEON) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.
A number of other brokerages have also weighed in on VEON. Zacks Investment Research raised shares of VimpelCom from a “sell” rating to a “hold” rating in a report on Tuesday, May 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $6.50 price objective on shares of VimpelCom in a report on Thursday, May 18th. J P Morgan Chase & Co raised shares of VimpelCom from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $4.00 to $4.50 in a report on Wednesday, July 26th. Finally, BidaskClub raised shares of VimpelCom from a “hold” rating to a “buy” rating in a report on Saturday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. VimpelCom presently has an average rating of “Buy” and an average target price of $5.31.
VimpelCom (NASDAQ VEON) opened at 4.20 on Monday. The company has a market capitalization of $7.35 billion, a PE ratio of 4.35 and a beta of 2.23. VimpelCom has a 12-month low of $3.12 and a 12-month high of $4.50. The stock’s 50 day moving average price is $4.10 and its 200 day moving average price is $4.00.
VimpelCom (NASDAQ:VEON) last announced its quarterly earnings data on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). The company had revenue of $2.42 billion for the quarter. VimpelCom had a net margin of 18.26% and a negative return on equity of 8.29%. On average, equities analysts anticipate that VimpelCom will post $0.34 EPS for the current fiscal year.
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A number of large investors have recently bought and sold shares of the business. Stevens Capital Management LP purchased a new stake in VimpelCom in the first quarter valued at $117,000. Invictus RG purchased a new stake in VimpelCom in the first quarter valued at $131,000. Oxford Asset Management purchased a new stake in VimpelCom in the first quarter valued at $152,000. KCG Holdings Inc. purchased a new stake in VimpelCom in the first quarter valued at $248,000. Finally, UBS Group AG purchased a new stake in VimpelCom in the first quarter valued at $263,000. 12.48% of the stock is currently owned by institutional investors.
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