Stock of the Day: What Next for VimpelCom Ltd (ADR) Stock After Today’s Big Increase?

Stock of the Day: What Next for VimpelCom Ltd (ADR) Stock After Today's Big Increase?

The stock of VimpelCom Ltd (ADR) (NASDAQ:VIP) is a huge mover today! About 1.49M shares traded hands. VimpelCom Ltd (ADR) (NASDAQ:VIP) has declined 17.25% since March 9, 2016 and is downtrending. It has underperformed by 24.66% the S&P500.
The move comes after 5 months positive chart setup for the $5.70B company. It was reported on Oct, 12 by Barchart.com. We have $5.29 PT which if reached, will make NASDAQ:VIP worth $3.36 billion more.

VimpelCom Ltd (ADR) (NASDAQ:VIP) Ratings Coverage

Out of 5 analysts covering VimpelCom (NASDAQ:VIP), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. VimpelCom has been the topic of 13 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, August 7 by RBC Capital Markets. As per Monday, November 9, the company rating was maintained by RBC Capital Markets. The stock of VimpelCom Ltd (ADR) (NASDAQ:VIP) has “Neutral” rating given on Friday, April 8 by Citigroup. The stock of VimpelCom Ltd (ADR) (NASDAQ:VIP) earned “Hold” rating by HSBC on Tuesday, August 11. The stock has “Equal Weight” rating given by Barclays Capital on Wednesday, August 26. The stock of VimpelCom Ltd (ADR) (NASDAQ:VIP) has “Hold” rating given on Monday, August 10 by Deutsche Bank. Barclays Capital maintained it with “Equal Weight” rating and $4.82 target price in Friday, November 27 report. The rating was upgraded by Citigroup on Tuesday, November 10 to “Buy”. As per Wednesday, September 14, the company rating was upgraded by Renaissance Capital.

According to Zacks Investment Research, “VimpelCom Ltd. is one of the world’s largest integrated telecommunications services operators. It offers a wide range of wireless, fixed, and broadband services in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Italy and Canada. VimpelCom provides services under the Beeline, Kyivstar, djuice, Wind, Infostrada Mobilink, Leo, Banglalink, Telecel, and Djezzy brands. VimpelCom Ltd. is headquartered in Amsterdam, the Netherlands.”

More recent VimpelCom Ltd (ADR) (NASDAQ:VIP) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Investorplace.com published the news titled: “Why Geron Corporation (GERN), Polaris Industries Inc. (PII) and VimpelCom Ltd …” on September 12, 2016. Investorplace.com‘s news article titled: “VimpelCom Ltd (ADR) (VIP) Forfeits Gains on Secondary Offering” with publication date: September 16, 2016 was also an interesting one.

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