VimpelCom Ltd. (NASDAQ:VIP)‘s stock had its “outperform” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued on Monday. They currently have a $8.00 target price on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 139.52% from the company’s previous close.
Several other analysts have also weighed in on the company. Bank of America Corp. set a $5.60 price objective on VimpelCom and gave the company a “buy” rating in a report on Monday, September 12th. Renaissance Capital raised VimpelCom from a “hold” rating to a “buy” rating and lowered their target price for the company from $5.10 to $4.30 in a report on Wednesday, September 14th. Zacks Investment Research lowered VimpelCom from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. VTB Capital raised VimpelCom from a “hold” rating to a “buy” rating in a report on Friday, September 16th. Finally, Morgan Stanley assumed coverage on VimpelCom in a report on Thursday, September 8th. They set an “overweight” rating and a $5.70 target price for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. VimpelCom has an average rating of “Buy” and an average target price of $5.42.
VimpelCom (NASDAQ:VIP) traded down 0.30% during trading on Monday, reaching $3.34. The company had a trading volume of 503,611 shares. The company has a 50-day moving average of $0.00 and a 200-day moving average of $0.00. VimpelCom has a 52-week low of $2.71 and a 52-week high of $4.51.
The company also recently announced a dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Friday, November 18th will be given a $0.026 dividend. The ex-dividend date is Wednesday, November 16th.
A number of large investors have recently added to or reduced their stakes in VIP. Dynamic Technology Lab Private Ltd increased its stake in VimpelCom by 37.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 26,385 shares of the company’s stock worth $102,000 after buying an additional 7,136 shares during the period. U S Global Investors Inc. purchased a new stake in VimpelCom during the third quarter worth $162,000. Allianz Asset Management AG purchased a new stake in VimpelCom during the second quarter worth $182,000. BNP Paribas Arbitrage SA increased its stake in VimpelCom by 48.3% in the second quarter. BNP Paribas Arbitrage SA now owns 47,202 shares of the company’s stock worth $183,000 after buying an additional 15,381 shares during the period. Finally, Carl Domino Inc increased its stake in VimpelCom by 63.9% in the third quarter. Carl Domino Inc now owns 59,000 shares of the company’s stock worth $206,000 after buying an additional 23,000 shares during the period. Hedge funds and other institutional investors own 7.01% of the company’s stock.
VimpelCom Company Profile