VimpelCom Ltd. (NASDAQ:VEON) has been given an average rating of “Buy” by the twelve research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $5.50.

A number of research firms have issued reports on VEON. Royal Bank Of Canada set a $7.00 price target on VimpelCom and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded VimpelCom from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine downgraded VimpelCom from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Finally, J P Morgan Chase & Co upgraded VimpelCom from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $4.00 to $4.50 in a research note on Wednesday, July 26th.

VimpelCom (VEON) traded down 1.601% during mid-day trading on Friday, reaching $3.995. The company had a trading volume of 1,365,145 shares. The stock has a 50 day moving average price of $4.01 and a 200 day moving average price of $4.02. The company has a market capitalization of $6.99 billion, a P/E ratio of 4.140 and a beta of 2.31. VimpelCom has a one year low of $3.12 and a one year high of $4.50.

VimpelCom (NASDAQ:VEON) last released its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share (EPS) 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 expect that VimpelCom will post $0.29 earnings per share for the current fiscal year.

The firm also recently announced a None dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 14th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a dividend yield of 2.63%.

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Several institutional investors have recently made changes to their positions in the company. Stevens Capital Management LP acquired a new position in shares of VimpelCom during the first quarter worth $117,000. Invictus RG acquired a new position in shares of VimpelCom during the first quarter worth $131,000. Oxford Asset Management acquired a new position in shares of VimpelCom during the first quarter worth $152,000. Carl Domino Inc acquired a new position in shares of VimpelCom during the first quarter worth $237,000. Finally, KCG Holdings Inc. acquired a new position in shares of VimpelCom during the first quarter worth $248,000. Hedge funds and other institutional investors own 10.93% of the company’s stock.

VimpelCom Company Profile

Analyst Recommendations for VimpelCom (NASDAQ:VEON)

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