Today’s Price Action: What Next for VimpelCom Ltd (ADR) Stock After Today’s Significant Increase?

Today's Price Action: What Next for VimpelCom Ltd (ADR) Stock After Today's Significant Increase?

The stock of VimpelCom Ltd (ADR) (NASDAQ:VIP) is a huge mover today! The stock increased 3.72% or $0.12 on November 23, hitting $3.35. About 2.35M shares traded hands. VimpelCom Ltd (ADR) (NASDAQ:VIP) has declined 12.07% since April 22, 2016 and is downtrending. It has underperformed by 17.48% the S&P500.
The move comes after 8 months positive chart setup for the $5.81 billion company. It was reported on Nov, 24 by Barchart.com. We have $3.48 PT which if reached, will make NASDAQ:VIP worth $232.40M more.

Analysts await VimpelCom Ltd (ADR) (NASDAQ:VIP) to report earnings on March, 30.

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. $10 is the highest target while $3.93 is the lowest. The $5.51 average target is 64.48% above today’s ($3.35) stock price. VimpelCom has been the topic of 13 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by HSBC to “Hold” on Tuesday, August 11. As per Wednesday, August 26, the company rating was maintained by Barclays Capital. The rating was upgraded by Citigroup on Tuesday, November 10 to “Buy”. Barclays Capital maintained VimpelCom Ltd (ADR) (NASDAQ:VIP) rating on Friday, November 27. Barclays Capital has “Equal Weight” rating and $4.82 price target. Renaissance Capital upgraded VimpelCom Ltd (ADR) (NASDAQ:VIP) on Wednesday, September 14 to “Buy” rating. RBC Capital Markets maintained the shares of VIP in a report on Friday, August 7 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 9. The rating was downgraded by Citigroup to “Neutral” on Friday, April 8. The stock of VimpelCom Ltd (ADR) (NASDAQ:VIP) has “Hold” rating given on Monday, August 10 by Deutsche Bank.

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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