Somewhat Positive News Coverage Somewhat Unlikely to Impact VimpelCom (VEON) Share Price
Media coverage about VimpelCom (NASDAQ:VEON) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. VimpelCom earned a news impact score of 0.01 on Accern’s scale. Accern also assigned headlines about the Wireless communications provider an impact score of 46.7370626689993 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Several equities research analysts have recently commented on VEON shares. BidaskClub cut VimpelCom from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. ValuEngine raised VimpelCom from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Zacks Investment Research cut VimpelCom from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. J P Morgan Chase & Co raised VimpelCom from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $4.00 to $4.50 in a research note on Wednesday, July 26th. Finally, Royal Bank Of Canada set a $7.00 target price on VimpelCom and gave the company a “buy” rating in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. VimpelCom currently has an average rating of “Hold” and an average target price of $5.35.
Shares of VimpelCom (NASDAQ VEON) opened at $3.81 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 1.89.
VimpelCom (NASDAQ:VEON) last announced its quarterly earnings data on Thursday, August 3rd. The Wireless communications provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). VimpelCom had a negative return on equity of 8.29% and a net margin of 18.26%. The company had revenue of $2.42 billion for the quarter. equities research analysts anticipate that VimpelCom will post 0.26 EPS for the current year.
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