Analyst Rating Update on VimpelCom Ltd. (VIP)

VimpelCom Ltd. (NASDAQ:VIP) : 6 analysts are covering VimpelCom Ltd. (NASDAQ:VIP) and their average rating on the stock is 2.17, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. VimpelCom Ltd. (NASDAQ:VIP) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

VimpelCom Ltd. (NASDAQ:VIP) : Currently there are 3 street experts covering VimpelCom Ltd. (NASDAQ:VIP) stock. The most bullish and bearish price target for the stock is $8 and $5 respectively for the short term. The average price target of all the analysts comes to $6.04. The estimated standard deviation from the target is $1.71.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of VimpelCom Ltd. (NASDAQ:VIP). Citigroup has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $4.5 per share from a prior target of $4.3. The rating by the firm was issued on April 8, 2016.

VimpelCom Ltd. (NASDAQ:VIP): stock turned positive on Tuesday. Though the stock opened at $3.49, the bulls momentum made the stock top out at $3.6 level for the day. The stock recorded a low of $3.45 and closed the trading day at $3.52, in the green by 5.07%. The total traded volume for the day was 896,870. The stock had closed at $3.35 in the previous days trading.

VimpelCom Ltd. (VimpelCom) is a Netherlands-based holding company. VimpelCom is a global provider of telecommunications services in 14 countries. The Company operates through six segments: Russia, Italy, Algeria, Africa & Asia, Ukraine, and the Commonwealth of Independent States (CIS). The company provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies. The VimpelCom Group operates in Italy and emerging markets, which include companies operating in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. The operations of these companies cover a territory with a total population of approximately 740 million as of December 31, 2014. The Company provides services under the Beeline, Kyivstar, banglalink, Mobilink, Djezzy, WIND and Infostrada brands. As of December 31, 2014, the Company had 222 million mobile customers.

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