Goldman Sachs Reinstates VimpelCom Ltd (ADR) to Buy

Brokerage firm Goldman Sachs Reinstates its rating on VimpelCom Ltd (ADR)(VIP). The shares have been rated Buy. The rating by the stock financial advisor at Goldman Sachs was issued on Feb 14, 2017 in a research report to their Investors and Clients.

VimpelCom Ltd (ADR) (VIP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.69% or 0.03 points. Due to strong positive momentum, the stock ended at $4.39, which is also near the day’s high of $4.41. The stock began the session at $4.37 and the volume stood at 35,82,659 shares. The 52-week high of the shares is $4.51 and the 52 week low is $3.12. The company has a current market capitalization of $7,712 M and it has 1,75,67,31,100 shares in outstanding.

VimpelCom Ltd (ADR)(VIP) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.16B. Analysts had an estimated revenue of $2.02B. Earnings per share were $-0.02.

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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