VimpelCom Ltd. (NASDAQ:VEON) has been given a $7.00 target price by Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, August 9th. The brokerage presently has a “buy” rating on the Wireless communications provider’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 76.77% from the stock’s previous close.
Other research analysts also recently issued reports about the company. ValuEngine downgraded VimpelCom from a “hold” rating to a “sell” rating in a report on Friday, August 4th. J P Morgan Chase & Co raised VimpelCom from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $4.00 to $4.50 in a report on Wednesday, July 26th. Finally, Zacks Investment Research raised VimpelCom from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $5.39.
VimpelCom (NASDAQ:VEON) traded down 0.75% on Wednesday, reaching $3.96. The company’s stock had a trading volume of 1,611,756 shares. The stock’s 50 day moving average is $4.01 and its 200-day moving average is $4.02. VimpelCom has a 52 week low of $3.12 and a 52 week high of $4.50. The firm has a market capitalization of $6.93 billion, a PE ratio of 4.10 and a beta of 2.31.
VimpelCom (NASDAQ:VEON) last released its quarterly earnings data on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $2.42 billion for the quarter. VimpelCom had a net margin of 18.26% and a negative return on equity of 8.29%. Analysts predict that VimpelCom will post $0.29 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Stevens Capital Management LP bought a new position in VimpelCom during the first quarter valued at $117,000. Invictus RG bought a new position in VimpelCom during the first quarter valued at $131,000. Oxford Asset Management bought a new position in VimpelCom during the first quarter valued at $152,000. Carl Domino Inc bought a new position in VimpelCom during the first quarter valued at $237,000. Finally, KCG Holdings Inc. bought a new position in VimpelCom during the first quarter valued at $248,000. Hedge funds and other institutional investors own 10.93% of the company’s stock.
About VimpelCom
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