Goldman Sachs Upgrades VimpelCom (VIP) to Neutral
VIP Hot Sheet
Rating Summary:3 Buy, 2 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Goldman Sachs upgraded VimpelCom (NYSE: VIP) from Sell to Neutral with a price target of $11.50.
The firm said investor concerns about leverage, exposure to Italy, and the company’s M&A track record are reflected in the current price. They also said the company may benefit from a potentially positive resolution in Algeria concerning Djezzy’s ownership structure.
For an analyst ratings summary and ratings history on VimpelCom click here. For more ratings news on VimpelCom click here.
Shares of VimpelCom closed at $10.18 yesterday, with a 52 week range of $8.83-$15.75.
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The firm said investor concerns about leverage, exposure to Italy, and the company’s M&A track record are reflected in the current price. They also said the company may benefit from a potentially positive resolution in Algeria concerning Djezzy’s ownership structure.
For an analyst ratings summary and ratings history on VimpelCom click here. For more ratings news on VimpelCom click here.
Shares of VimpelCom closed at $10.18 yesterday, with a 52 week range of $8.83-$15.75.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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