VimpelCom (VIP) in Focus: Stock Adds 5.1% in Session - Tale of the Tape
VimpelCom Ltd. (VIP) was a big mover last session, as the company saw its shares rise more than 5% on the day. Shares moved up after the company and Hutchison Whampoa agreed over who would be the CEO of the combined company if the two entities close the proposed merger of their Italian businesses. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 2.81% in the past one-month time frame.
This diversified communications services stock witnessed one positive estimate revision in the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for VimpelCom. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
VimpelCom has a Zacks Rank #3 (Hold).
A better-ranked stock in the same space is Deutsche Telekom AG (DTEGY), sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VIMPELCOM LTD (VIP): Get Free Report
DEUTSCHE TELEKM (DTEGY): Free Stock Analysis Report
To read this article on Zacks.com click here.
