VimpelCom Ltd. (VIP) : Analyst Rating Update

VimpelCom Ltd. (VIP) : The consensus on VimpelCom Ltd. (VIP) based on 5 analyst recommendation on the company stock is 1.6, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

VimpelCom Ltd. (VIP) : The consensus price target for VimpelCom Ltd. (VIP) is $6.04 for the short term with a standard deviation of $1.71. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $8, however, the pessimist price target for the company is $5.

VimpelCom Ltd. (NASDAQ:VIP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.92 and $3.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.99, notching a gain of 1.01% for the day. The total traded volume was 1,327,969 . The stock had closed at $3.95 on the previous day.

Also, In the latest statement by the brokerage house, Citigroup downgrades its outlook on VimpelCom Ltd. (NASDAQ:VIP). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Buy. The brokerage firm raises the price target from $4.3 per share to $4.5 per share. The rating by the firm was issued on April 8, 2016. The company shares have dropped -14.50% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $6.20 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.71 and the 200 Day Moving Average price is recorded at $3.63.

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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