Analysts Set VimpelCom Ltd. (VEON) Target Price at $5.45
VimpelCom Ltd. (NASDAQ:VEON) has been given a consensus rating of “Buy” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $5.45.
Several analysts recently issued reports on VEON shares. ValuEngine lowered shares of VimpelCom from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. J P Morgan Chase & Co upgraded shares of VimpelCom from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $4.00 to $4.50 in a research report on Wednesday, July 26th. BidaskClub upgraded shares of VimpelCom from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Zacks Investment Research upgraded shares of VimpelCom from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Royal Bank Of Canada set a $7.00 target price on shares of VimpelCom and gave the company a “buy” rating in a research report on Wednesday, August 9th.
A number of large investors have recently modified their holdings of VEON. Stevens Capital Management LP purchased a new position in VimpelCom during the first quarter valued at approximately $117,000. Invictus RG purchased a new position in VimpelCom during the first quarter valued at approximately $131,000. Oxford Asset Management purchased a new position in VimpelCom during the first quarter valued at approximately $152,000. KCG Holdings Inc. purchased a new position in VimpelCom during the first quarter valued at approximately $248,000. Finally, UBS Group AG purchased a new position in VimpelCom during the first quarter valued at approximately $263,000. 12.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of VimpelCom (VEON) traded down 3.14% during mid-day trading on Friday, hitting $4.01. 6,124,046 shares of the company were exchanged. The company has a 50 day moving average of $4.15 and a 200 day moving average of $4.02. VimpelCom has a 52 week low of $3.12 and a 52 week high of $4.50. The company’s market capitalization is $7.04 billion.
VimpelCom (NASDAQ:VEON) last announced its earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09). The business 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%. Equities analysts anticipate that VimpelCom will post $0.33 earnings per share for the current year.
The company also recently declared a None dividend, which was paid on Wednesday, September 6th. Shareholders of record on Monday, August 14th were issued a dividend of $0.11 per share. This represents a yield of 2.63%. The ex-dividend date of this dividend was Thursday, August 10th.
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VimpelCom Company Profile
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