Analyst Price Target Update on VimpelCom Ltd. (NASDAQ:VIP)

VimpelCom Ltd. (NASDAQ:VIP): 3 Analyst have given the stock of VimpelCom Ltd. (NASDAQ:VIP) a near short term price target of $6.04. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.71. The higher price target estimate is at $8 while the lower price estimates are fixed at $5.

Many analysts have stated their opinion on the company shares. Brokerage firm Citigroup downgrades its rating on VimpelCom Ltd. (NASDAQ:VIP). As per the latest information, the brokerage house raises the price target to $4.5 per share from a prior target of $4.3. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.

VimpelCom Ltd. (NASDAQ:VIP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.07 points or 1.85% at $3.72 with 1,005,108 shares getting traded. Post opening the session at $3.76, the shares hit an intraday low of $3.7 and an intraday high of $3.86 and the price was in this range throughout the day. The company has a market cap of $6,535 million and the number of outstanding shares have been calculated to be 1,756,731,100 shares. The 52-week high of VimpelCom Ltd. (NASDAQ:VIP) is $6.2 and the 52-week low is $2.71.

VimpelCom Ltd. (VimpelCom) is a Netherlands-based holding company. VimpelCom is a global provider of telecommunications services in 14 countries. The Company operates through six segments: Russia, Italy, Algeria, Africa & Asia, Ukraine, and the Commonwealth of Independent States (CIS). The company provides voice and data services through a range of traditional and broadband mobile and fixed-line technologies. The VimpelCom Group operates in Italy and emerging markets, which include companies operating in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, and Pakistan. The operations of these companies cover a territory with a total population of approximately 740 million as of December 31, 2014. The Company provides services under the Beeline, Kyivstar, banglalink, Mobilink, Djezzy, WIND and Infostrada brands. As of December 31, 2014, the Company had 222 million mobile customers.

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