Somewhat Positive News Coverage Somewhat Unlikely to Impact VimpelCom (NASDAQ:VEON) Share Price

News articles about VimpelCom (NASDAQ:VEON) have trended somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. VimpelCom earned a daily sentiment score of 0.01 on Accern’s scale. Accern also gave news articles about the Wireless communications provider an impact score of 46.7370626689993 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

VEON has been the subject of a number of analyst reports. Zacks Investment Research upgraded VimpelCom from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research report on Thursday, October 5th. BidaskClub upgraded VimpelCom from a “hold” rating to a “buy” rating in a research report on Saturday, September 9th. Royal Bank Of Canada set a $7.00 price objective on VimpelCom and gave the company a “buy” rating in a research note on Wednesday, August 9th. ValuEngine upgraded VimpelCom from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Finally, J P Morgan Chase & Co upgraded VimpelCom from an “underweight” rating to a “neutral” rating and raised their price target for the company from $4.00 to $4.50 in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $5.35.

VimpelCom (VEON) traded up $0.06 during trading on Tuesday, hitting $4.00. 4,902,627 shares of the stock were exchanged, compared to its average volume of 3,763,664. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 2.29. VimpelCom has a fifty-two week low of $3.21 and a fifty-two week high of $4.50.

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