ValuEngine cut shares of VimpelCom Ltd. (NASDAQ:VEON) from a hold rating to a sell rating in a report released on Friday.

Several other research firms have also issued reports on VEON. Zacks Investment Research lowered shares of VimpelCom from a buy rating to a hold rating in a report on Tuesday, May 2nd. J P Morgan Chase & Co raised shares of VimpelCom from an underweight rating to a neutral rating and lifted their price target for the stock from $4.00 to $4.50 in a report on Wednesday, July 26th. Finally, Royal Bank Of Canada reaffirmed a buy rating and issued a $6.50 price target on shares of VimpelCom in a report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. VimpelCom presently has an average rating of Buy and an average price target of $5.31.

VimpelCom (NASDAQ:VEON) opened at 4.16 on Friday. The company has a market capitalization of $7.28 billion, a PE ratio of 3.42 and a beta of 2.31. The company has a 50-day moving average price of $3.92 and a 200 day moving average price of $4.02. VimpelCom has a 52-week low of $3.12 and a 52-week high of $4.51.

VimpelCom (NASDAQ:VEON) last released its quarterly earnings results on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.09. VimpelCom had a negative return on equity of 8.29% and a net margin of 18.26%. The firm had revenue of $2.42 billion during the quarter. Equities research analysts anticipate that VimpelCom will post $0.32 earnings per share for the current year.

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The business also recently disclosed a None dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.11 per share. This represents a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, August 10th.

Several large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL bought a new stake in shares of VimpelCom during the first quarter worth $2,432,000. UBS Asset Management Americas Inc. bought a new stake in shares of VimpelCom during the first quarter worth $2,247,000. World Asset Management Inc bought a new stake in shares of VimpelCom during the first quarter worth $446,000. BNP Paribas Arbitrage SA bought a new stake in shares of VimpelCom during the first quarter worth $1,596,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of VimpelCom during the first quarter worth $1,503,000. 10.98% of the stock is currently owned by hedge funds and other institutional investors.

VimpelCom Company Profile

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Analyst Recommendations for VimpelCom (NASDAQ:VEON)

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