VimpelCom Ltd. (VIP) Receives ‘Analyst’ Rating

VimpelCom Ltd. (VIP) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 5 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

VimpelCom Ltd. (VIP) stock is expected to deviate a maximum of $1.37 from the average target price of $6.03 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $8 and the most muted being $5.


Also, Morgan Stanley assumes their rating on the shares of VimpelCom Ltd. (NASDAQ:VIP). The current rating of the shares is Overweight. Equity Analysts at the Firm announces the price target to $5.7 per share. The rating by the firm was issued on September 8, 2016.

VimpelCom Ltd. (NASDAQ:VIP): After opening at $3.35, the stock dipped to an intraday low of $3.32 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.68 and the buying power remained strong till the end. The stock closed at $3.63 for the day, a gain of 9.01% for the day session. The total traded volume was 10,797,611. The stocks close on the previous trading day was $3.33.

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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