VimpelCom Stock Hits New 52-Week Low (VIP)

NEW YORK ( TheStreet) -- VimpelCom (NYSE: VIP) hit a new 52-week low Friday as it is currently trading at $7.68, below its previous 52-week low of $8.38 with 4.1 million shares traded as of 11:50 a.m. ET. Average volume has been two million shares over the past 30 days.

VimpelCom has a market cap of $14.05 billion and is part of the technology sector and telecommunications industry. Shares are down 7.8% year to date as of the close of trading on Thursday.

VimpelCom Ltd., a telecommunications service operator, provides voice and data services through a range of traditional and broadband mobile and fixed technologies. The company has a P/E ratio of 50.9, below the average telecommunications industry P/E ratio of 57.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates VimpelCom as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, deteriorating net income, disappointing return on equity and feeble growth in its earnings per share. You can view the full VimpelCom Ratings Report.

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