Vimpelcom Ltd Rating Lowered to Neutral at Credit Suisse (VIP)

By admin | 6 years ago

Vimpelcom Ltd (NYSE: VIP) was downgraded by investment analysts at Credit Suisse (NYSE: CS) from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday.

Vimpelcom Ltd traded down 0.66% on Wednesday, hitting $7.49. Vimpelcom Ltd has a 1-year low of $7.05 and a 1-year high of $14.16. The company has a market cap of $11.909 billion and a price-to-earnings ratio of 33.51.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital (NYSE: BCS) reiterated an “underweight” rating on shares of Vimpelcom Ltd in a research note to investors on Monday, May 14th. Separately, 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. Finally, 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., formerly New Spring Company Ltd., consists of telecommunications operators providing voice and data services through a range of wireless, fixed and broadband technologies.

About the author