Market Overview

Morgan Stanley Sees Another Weak Quarter For VimpelCom Ltd.

Related VIP
Citi Cuts VimpelCom Shares To Neutral
VimpelCom Settles WIth SEC, DOJ, And OM, Will Pay $795M

In a report published Wednesday, Morgan Stanley analyst Cesar Tiron reiterated an Equal-Weight rating and $10.20 price target on VimpelCom Ltd. (NASDAQ: VIP).

In the report, Morgan Stanley noted, “VIP continued to underperform in key markets and cut its guidance for FY2014. High management turnover – a key concern for the group – continues with the departure of GTH CEO. We stay EW. Russia continues to worsen. Service revenues declined by 3.7% in 1Q14 versus flat in 4Q13 and 2% growth in 3Q13. A slowdown of data growth to 22% versus ~30% in 2013 was also recorded. EBITDA margin fell 160bps YoY to 40.1% in 1Q14 mainly on falling revenues and investments in monobrand roll-out.”

VimpelCom Ltd. closed on Tuesday at $8.26.

Latest Ratings for VIP

Apr 2016CitigroupDowngradesBuyNeutral
Nov 2015BarclaysMaintainsEqual-weight
Nov 2015CitigroupUpgradesNeutralBuy

View More Analyst Ratings for VIP
View the Latest Analyst Ratings

Posted-In: Cesar Tiron Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (VIP)

View Comments and Join the Discussion!