VimpelCom upgraded to Buy from Neutral at Citigroup Citigroup upgraded VimpelCom citing the recent pullback in shares as it views the company as a turnaround play and a not a dividend story. Citi lowered its price target for shares to $12.10 from $14.80.
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VimpelCom close to divesting Wind Mobile stake for $270M, WSJ reports VimpelCom is nearing a deal to divest its stake in Canadian wireless carrier Wind Mobile Canada to an investment firm for approximately $270M, The Wall Street Journal says, citing people familiar with the matter. The deal could be announced as early as Tuesday, The Wall Street Journal added. Reference Link