Goldman Sachs Upgrades VimpelCom (VIP) to Neutral
Tweet
Share
E-mailGet Alerts VIP Hot Sheet
Price: $1.83 -1.61%
Rating Summary:
6 Buy, 4 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
6 Buy, 4 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UBS Upgrades Apollo Tyres (APTY:IN) to Buy
- KeyBanc Upgrades Innovage Holding Corp (INNV) to Overweight
- HSBC Downgrades Kakao Corp. (035720:KS) to Hold
Create E-mail Alert Related Categories
UpgradesRelated Entities
Goldman SachsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
