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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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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