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TMCNet:  Upgrade Alert for Vimpel-Communications (VIP)

[January 22, 2013]

Upgrade Alert for Vimpel-Communications (VIP)

Jan 22, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Vimpel-Communications (NYSE:VIP) was upgraded from Neutral to Overweight at HSBC today. The stock closed yesterday at $11.90 on volume of 2.1 million shares, above average daily volume of 1.2 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.

Potential upside of 6.0% exists for Vimpel-Communications, based on a current level of $11.90 and analysts' average consensus price target of $12.62. Vimpel-Communications shares have support at the 50-day moving average (MA) of $10.85 and additional support at the 200-day MA of $10.01.

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 69% above that low price at $11.90 per share. The 200-day and 50-day moving averages have moved 0.07% higher and 0.20% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Vimpel-Communications. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vimpel-Communications in search of a potential trend change.

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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