Market Overview

Deutsche Bank Reiterates Hold Rating, $11.10 PT on VimpelCom

Share:
Related VIP
Benzinga's Top Upgrades, Downgrades For March 10, 2017
Earnings Scheduled For February 27, 2017

In a report published Friday, Deutsche Bank reiterated its Hold rating and $11.10 price target on VimpelCom (NYSE: VIP).

Deutsche Bank noted, “We note that VimpelCom's dividend policy is to pay at least USD0.80/share of dividends per annum and it aims to pay dividends twice a year. Therefore, in a positive scenario, we could see VimpelCom to announce an interim 2012 dividend. Furthermore, if there are no new issues, with disclosure of final 2012 results, there could be a decision on final 2012 dividend. Thus, in a case of positive developments, the company could distribute, on our estimate, USD1.15 over the next three quarters or so, which implies a. yield of about 10.75%, which we believe is fairly attractive relative to many peers. However, longer term, we would not preclude further clashes between shareholders on strategic issues.”

VimpelCom closed on Wednesday at $10.69.

Latest Ratings for VIP

DateFirmActionFromTo
Mar 2017INGInitiates Coverage OnBuy
Feb 2017Goldman SachsReinstatesBuy
Nov 2016CitigroupUpgradesNeutralBuy

View More Analyst Ratings for VIP
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

Related Articles (VIP)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...