VimpelCom Ltd. (VIP) has risen sharply, recording gains of 2.45% in the past 4 weeks. However, the stock has corrected -3.91% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.67% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.87% and the fifty day Moving Average is 2.89%. VimpelCom Ltd. is up 9.42% in the last three month period. Year-to-Date the stock performance stands at 27.44%.
VimpelCom Ltd. (VIP) : The highest level VimpelCom Ltd. (VIP) is projected to reach is $8 for the short term and the lowest estimate is at $5. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $6.04 and the possibility the share price can swing is $1.71.
VimpelCom Ltd. (NASDAQ:VIP): stock turned positive on Friday. Though the stock opened at $4.22, the bulls momentum made the stock top out at $4.36 level for the day. The stock recorded a low of $4.13 and closed the trading day at $4.18, in the green by 0.24%. The total traded volume for the day was 695,380. The stock had closed at $4.17 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.