J P Morgan Chase & Co upgraded shares of VimpelCom Ltd. (NASDAQ:VEON) from an underweight rating to a neutral rating in a research report report published on Wednesday, MarketBeat.com reports. J P Morgan Chase & Co currently has $4.50 price objective on the Wireless communications provider’s stock, up from their prior price objective of $4.00.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded VimpelCom from a hold rating to a sell rating in a research note on Tuesday, May 9th. Royal Bank Of Canada restated a buy rating and issued a $6.50 price target on shares of VimpelCom in a research note on Thursday, May 18th. ValuEngine downgraded VimpelCom from a hold rating to a sell rating in a research note on Friday, May 26th. Finally, Credit Suisse Group restated a buy rating and issued a $5.00 price target on shares of VimpelCom in a research note on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. VimpelCom currently has a consensus rating of Buy and an average price target of $5.31.

Shares of VimpelCom (NASDAQ:VEON) opened at 4.13 on Wednesday. The company has a 50-day moving average of $3.91 and a 200-day moving average of $4.02. VimpelCom has a 52 week low of $3.12 and a 52 week high of $4.51. The stock has a market capitalization of $7.22 billion, a P/E ratio of 3.39 and a beta of 2.30.

VimpelCom (NASDAQ:VEON) last posted its quarterly earnings results on Thursday, May 11th. The Wireless communications provider reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. VimpelCom had a negative return on equity of 7.27% and a net margin of 23.33%. The business had revenue of $2.28 billion during the quarter.

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Several hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL purchased a new stake in shares of VimpelCom during the first quarter valued at about $2,432,000. UBS Asset Management Americas Inc. purchased a new stake in shares of VimpelCom during the first quarter valued at about $2,247,000. World Asset Management Inc purchased a new stake in shares of VimpelCom during the first quarter valued at about $446,000. BNP Paribas Arbitrage SA purchased a new stake in shares of VimpelCom during the first quarter valued at about $1,596,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of VimpelCom during the first quarter valued at about $1,503,000. 10.79% of the stock is currently owned by institutional investors and hedge funds.

VimpelCom Company Profile

Analyst Recommendations for VimpelCom (NASDAQ:VEON)

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