Trade Report: Today, VimpelCom Ltd. (VIP) Research Coverage Started at Credit Suisse Group AG

Today, VimpelCom Ltd. (VIP) Research Coverage Started at Credit Suisse Group AG

Credit Suisse Group AG assumed coverage on shares of VimpelCom Ltd. (NASDAQ:VIP) in a report issued on Monday. The firm set an “outperform” rating and a $4.80 price target on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 43.71% from the stock’s current price.

VIP has been the subject of several other reports. Morgan Stanley initiated coverage on shares of VimpelCom in a research report on Thursday, September 8th. They issued an “overweight” rating and a $5.70 target price for the company. Zacks Investment Research cut shares of VimpelCom from a “hold” rating to a “sell” rating in a research report on Tuesday, October 25th. Renaissance Capital upgraded shares of VimpelCom from a “hold” rating to a “buy” rating and dropped their target price for the company from $5.10 to $4.30 in a research report on Wednesday, September 14th. VTB Capital upgraded shares of VimpelCom from a “hold” rating to a “buy” rating in a research report on Friday, September 16th. Finally, Bank of America Corp. set a $5.60 target price on shares of VimpelCom and gave the company a “buy” rating in a research report on Monday, September 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $5.31.

Shares of VimpelCom (NASDAQ:VIP) opened at 3.34 on Monday. The firm has a 50-day moving average of $0.00 and a 200 day moving average of $0.00. VimpelCom has a 12-month low of $2.71 and a 12-month high of $4.51.

The firm also recently announced a dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Friday, November 18th will be issued a dividend of $0.026 per share. The ex-dividend date of this dividend is Wednesday, November 16th.

A number of large investors have recently bought and sold shares of VIP. Price T Rowe Associates Inc. MD raised its stake in VimpelCom by 49.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 213,705 shares of the company’s stock worth $744,000 after buying an additional 70,819 shares during the last quarter. Credit Suisse AG raised its stake in VimpelCom by 425.7% in the third quarter. Credit Suisse AG now owns 998,153 shares of the company’s stock worth $3,474,000 after buying an additional 808,275 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in VimpelCom by 101.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 95,600 shares of the company’s stock worth $333,000 after buying an additional 48,200 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in VimpelCom during the third quarter worth approximately $705,000. Finally, U S Global Investors Inc. purchased a new stake in VimpelCom during the third quarter worth approximately $162,000. 7.01% of the stock is currently owned by hedge funds and other institutional investors.

VimpelCom Company Profile

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