VimpelCom Ltd. (VEON) Lifted to “Hold” at ValuEngine
ValuEngine upgraded shares of VimpelCom Ltd. (NASDAQ:VEON) from a sell rating to a hold rating in a research note released on Monday.
VEON has been the topic of several other research reports. BidaskClub raised VimpelCom from a hold rating to a buy rating in a report on Saturday, September 9th. Royal Bank Of Canada set a $7.00 price objective on VimpelCom and gave the stock a buy rating in a report on Wednesday, August 9th. Zacks Investment Research raised VimpelCom from a sell rating to a hold rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co raised VimpelCom from an underweight rating to a neutral rating and raised their price objective for the stock from $4.00 to $4.50 in a report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $5.31.
VimpelCom (VEON) opened at 4.30 on Monday. VimpelCom has a one year low of $3.12 and a one year high of $4.50. The firm has a market cap of $7.52 billion, a PE ratio of 4.46 and a beta of 2.23. The stock has a 50 day moving average price of $4.10 and a 200 day moving average price of $4.00.
VimpelCom (NASDAQ:VEON) last issued its quarterly earnings data on Thursday, August 3rd. The Wireless communications provider reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09). The firm had revenue of $2.42 billion for the quarter. VimpelCom had a negative return on equity of 8.29% and a net margin of 18.26%. Equities research analysts expect that VimpelCom will post $0.34 EPS for the current year.
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The firm also recently announced a None dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 14th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a dividend yield of 2.63%.
Several institutional investors and hedge funds have recently made changes to their positions in VEON. Abrams Capital Management L.P. acquired a new stake in shares of VimpelCom during the first quarter worth about $76,585,000. Macquarie Group Ltd. acquired a new stake in shares of VimpelCom during the first quarter worth about $32,486,000. OZ Management LP acquired a new stake in shares of VimpelCom during the first quarter worth about $31,987,000. Van ECK Associates Corp acquired a new stake in shares of VimpelCom during the first quarter worth about $30,549,000. Finally, Raging Capital Management LLC acquired a new stake in shares of VimpelCom during the first quarter worth about $26,798,000. Institutional investors and hedge funds own 12.48% of the company’s stock.
VimpelCom Company Profile
To view ValuEngine’s full report, visit ValuEngine’s official website.
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