(VIP) VimpelCom – Bull of the Day

October 14th, 2009

We reaffirm our Outperform recommendation for VimpelCom (VIP), Russia’s second largest cellular carrier with over 25% market share. Reported earnings in the last quarter outpaced the Zacks Consensus Estimate, driven by foreign exchange gains.

We continue to be intrigued by VimpelCom’s successful sales growth trend and its ability to retain subscribers on a recurring basis, even as overall economic factors remain weak. The company is also progressing well in expanding its 3G wireless and residential broadband network deployments, as reflected by healthy subscriber accretion in the last quarter.

Additionally, the ongoing expansion initiatives into emerging Asian markets (including Cambodia and Vietnam) are expected to boost opportunity in wireless, given the lower mobile penetration levels in these regions.

Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
Vimpelcom Dials Up a Deal (Investment U, 10/11/10)
Daily M&A: The VimpelCom Surprise (VIP, MBT, VOD) (Wall Street Sector Selector, 3/17/11)
Q&A-Vimpelcom’s Wind deal in doubt as board votes (Penny Stock DD, 1/17/11)
Weather Investments To Merge In VimpelCom (Benzinga, 10/4/10)
Read more on Vimpel Communication Ads at Wikinvest

Related Posts:

  1. (VIP) Gains Help VimpelCom Blowout Earnings ForecastsYesterday, VimpelCom (VIP) posted second-quarter profit of 69 cents per ADR (based on an average...
  2. (DCM) NTT DoCoMo- Bull of the Day – We maintain our Buy recommendationWe maintain our Buy recommendation and the same valuation target for NTT DoCoMo (DCM), the...


Search Posts by Tag: | | Technology | Wireless Communications

RSS Feeds by Tag: Vimpel-Communications | VIP | Technology | Wireless Communications |

Other Posts by: | RSS Feed for this author