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TMCNet:  Downgrade Alert for Vimpel-Communications (VIP)

[November 09, 2012]

Downgrade Alert for Vimpel-Communications (VIP)

Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Vimpel-Communications (NYSE:VIP) was downgraded from Buy to Hold at Standpoint Research today. The stock closed yesterday at $10.85 on volume of 1.8 million shares, above average daily volume of 1.7 million. Vimpel-Communications provides wireless telecommunications services. The Company's license portfolio covers the majority of Russia's population, including the City of Moscow, the Moscow Region, and Saint Petersburg.



Vimpel-Communications share prices have moved between a 52-week high of $12.54 and a 52-week low of $7.05 and closed yesterday at 54% above that low price at $10.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Potential upside of 21.3% exists for Vimpel-Communications, based on a current level of $10.85 and analysts' average consensus price target of $13.17. The stock should find resistance at its 50-day moving average (MA) of $11.31, as well as support at its 200-day MA of $10.14.

SmarTrend is tracking the current trend status for Vimpel-Communications and will alert subscribers who have VIP in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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