VimpelCom Ltd (ADR) (NASDAQ:VIP) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Zacks Investment Research has upgraded VimpelCom Ltd (ADR)(NASDAQ:VIP) to Hold in a report released on Thursday August 18 2016.
Displaying a price of $4.31, VimpelCom Ltd (ADR) (NASDAQ:VIP) traded 7.30% lower on the day. The last close is up 14.23% from the two hundred day moving average, compared to the S&P 500 Index which has decreased -0.01% over the same time. VIP has been tracking to a 50-day moving average of $4.18 and 200-day average of $3.92. Volume of trade was was up over the average, with 80,417,515 shares of VIP changing hands over the typical 1,317,920 shares.
Recent Performance Chart:
VimpelCom Ltd (ADR) has a one-year low of $2.71 and a one-year high of $5.08 and has a market capitalization of $0.0.
Also covering VimpelCom Ltd (ADR)’s target price, a total of 13 equity analysts have issued a research note on VimpelCom Ltd (ADR). The average target is $5.24 with four firms rating the stock a strong buy, five firms rating the stock a buy, three firms rating the stock a hold, one brokerage rating the stock to underperform, and finally 0 firmsrating the company as sell.
About VimpelCom Ltd (ADR) (NASDAQ:VIP)
VimpelCom Ltd. is an international communications and technology company. The Company provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies and operates in Russia, Algeria, Pakistan, Bangladesh, Ukraine, Kazakhstan, Uzbekistan, Kyrgyzstan, Armenia, Tajikistan, Georgia, Laos, Zimbabwe and Italy. It provides services under the Beeline, Kyivstar, banglalink, Mobilink, Djezzy and WIND brands. It is the holding company for various operating subsidiaries and holding companies in various jurisdictions. It operates through eight segments: Russia; Algeria; Pakistan; Bangladesh; Ukraine; Kazakhstan; Uzbekistan, and HQ and Others, which includes its operations in Kyrgyzstan, Armenia, Tajikistan, Georgia and Laos, as well as certain internal adjustments. Its Value added services include messaging services, content/infotainment services, data access services, location based services, media, and and content delivery channels.
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