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VTB Capital upgraded VimpelCom Ltd (ADR) (NASDAQ:VIP) to Buy in a report released today.

Showing a price of $3.63, VimpelCom Ltd (ADR) (NASDAQ:VIP) traded 7.30% lower on the day. With the last close down 14.23% relative to the 200-day average, compared to the S&P 500 which has decreased -0.01% over the same time period. VIP has been tracking to a 50-day 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.

VTB Capital has upgraded VimpelCom Ltd (ADR)(NASDAQ:VIP) to Buy in a report released 9/16/2016.

Previously on 9/14/2016, Renaissance Capital released a statement about VimpelCom Ltd (ADR)(NASDAQ:VIP) dropped the target price from $5.10 to $4.30 that indicated a possible upside of 0.26%.

See Graphic Below:

VimpelCom Ltd (ADR) (NASDAQ:VIP)

In addition to VTB Capital reporting it’s target price, a total of 13 equity analysts have issued a report on VimpelCom Ltd (ADR). The average target stock price is $5.24 with four firms rating the company a strong buy, five firms rating the stock a buy, three firms rating the stock a hold, one firm rating the stock to underperform, and lastly 0 analysts rating the stock as sell.

With a total market value of $0.0, VimpelCom Ltd (ADR) has a PE of 0 with a one-year low of $2.71 and a 52 week high of $5.08.

Brief Synopsis On 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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