Barclays Capital Reiterates Underweight on Vimpelcom Ltd (VIP)
A number of other analysts have also recently weighed in on VIP. Analysts at ING Group initiated coverage on shares of Vimpelcom Ltd in a research note to investors on Thursday, March 29th. They set a “buy” rating on the stock. Analysts at HSBC (NYSE: HBC) downgraded shares of Vimpelcom Ltd from an “overweight” rating to a “neutral” rating in a research note to investors on Monday, March 19th. They now have a $12.50 price target on the stock.
Vimpelcom Ltd opened at 9.09 on Monday. Vimpelcom Ltd has a 1-year low of $8.83 and a 1-year high of $14.32. The company has a market cap of $14.709 billion and a price-to-earnings ratio of 25.53.
VimpelCom Ltd., formerly New Spring Company Ltd., consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies.