VimpelCom Ltd (NASDAQ:VIP) Has Just Had Its Target Downgraded by Stock Analysts at HSBC Securities to $6.40

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Analysis: VimpelCom Ltd (NASDAQ:VIP) Price Target Upgraded Today

In analysts report finalized by HSBC Securities on Thursday morning, the firm, VimpelCom Ltd (NASDAQ:VIP), had their Estimated Target Price downgraded to $6.40. Analusts currently have a solid Buy rating on the stock.

From a total of 6 analysts covering VimpelCom (NASDAQ:VIP) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $10 while the lowest target price is $4.30. The mean of all analyst targets is $6.48 with a 80.00% above today’s ($3.6) stock price. VimpelCom was the topic of 7 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on November 10 to “Buy” rating. Barclays Capital maintained VIP stock in a recent report from August 26 with “Equal Weight” rating. Finally, Deutsche Bank upgraded the stock to “Hold” rating in a report issued on an August 10.

The stock increased 6.82% or $0.23 on November 25, striking $3.6. Approximately 2.26M shares of stock traded hands. VimpelCom Ltd (ADR) (NASDAQ:VIP) has declined 37.39% since April 24, 2015 and is downtrending. It has underperformed by 36.03% the S&P500.

VimpelCom Ltd (NASDAQ:VIP) Has Just Had Its Target Downgraded by Stock Analysts at HSBC Securities to $6.40

VimpelCom Ltd. is a Netherlands holding company. The company has a market cap of $5.92 billion. VimpelCom is a global well-known provider of telecommunications services in 14 countries. It currently has negative earnings. The Firm operates through six divisions: Russia, Italy, Algeria, Africa & Asia, Ukraine, and the Commonwealth of Independent States (CIS).

According to Zacks Investment Research, “VimpelCom Ltd. is one of the world’s largest integrated telecommunications services operators. It offers a wide range of wireless, fixed, and broadband services in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Italy and Canada. VimpelCom provides services under the Beeline, Kyivstar, djuice, Wind, Infostrada Mobilink, Leo, Banglalink, Telecel, and Djezzy brands. VimpelCom Ltd. is headquartered in Amsterdam, the Netherlands.” Get a free copy of the Zacks research report on VimpelCom Ltd (ADR) (VIP)

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