VimpelCom (NASDAQ:VIP) Rating Reaffirmed
VimpelCom (NASDAQ:VIP) just had their share rating of a ‘”Equal Weight”‘ issued by research analysts at Barclays, who now has a $4.82 Estimated Target Price on the $6.32B market cap company or a 33.89% upside potential. This key information was shown in analysts report on Friday, 27 November.
From a total of 6 analysts covering VimpelCom (NASDAQ:VIP) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 50% 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 $6.40 with a 87.13% above today’s ($3.42) stock price. VimpelCom was the topic of 9 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on November 27 with “Equal Weight” rating. RBC Capital Markets maintained VIP stock in a recent report from November 9 with “Outperform” rating.
The stock decreased 5.00% or $0.18 on November 27, striking $3.42. Approximately 1.60 million shares of stock traded hands. VimpelCom Ltd (ADR) (NASDAQ:VIP) has declined 41.44% since April 27, 2015 and is downtrending. It has underperformed by 40.55% the S&P500.
VimpelCom Ltd. is a Netherlands holding company. The company has a market cap of $6.32 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)