VimpelCom Ltd. (VIP) Shares are Up 9.07%

VimpelCom Ltd. (VIP) : Traders are bullish on VimpelCom Ltd. (VIP) as it has outperformed the S&P 500 by a wide margin of 8.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.07% in the last 1 week, and is up 11.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

VimpelCom Ltd. (NASDAQ:VIP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.30 and $4.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.45, notching a gain of 4.95% for the day. The total traded volume was 1,842,580 . The stock had closed at $4.24 on the previous day.

The stock has recorded a 20-day Moving Average of 9.36% and the 50-Day Moving Average is 14.2%. VimpelCom Ltd. is up 29.74% in the last 3-month period. Year-to-Date the stock performance stands at 35.67%.

VimpelCom Ltd. (VIP) : 3 investment research analysts covering VimpelCom Ltd. (VIP) have an average price target of $6.04 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $5 for the short term. Analysts expect the variance to be within $1.71 of the average price.


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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