Majedie Asset Management LTD Increased Vimpelcom LTD (VIP) Stake, 7 Analysts Are Bullish CNOOC Ltd (ADR) (CEO) Last Week

May 12, 2017 - By Nellie Frank

Among 12 analysts covering CNOOC (NYSE:CEO), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. CNOOC had 14 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was upgraded by Societe Generale on Tuesday, August 25 to “Hold”. The firm earned “Neutral” rating on Thursday, August 27 by Credit Suisse. The company was downgraded on Tuesday, May 10 by Morgan Stanley. The company was upgraded on Thursday, March 23 by Citigroup. Credit Agricole downgraded CNOOC Ltd (ADR) (NYSE:CEO) on Tuesday, December 8 to “Sell” rating. The rating was maintained by Barclays Capital with “Equal Weight” on Monday, August 24. On Monday, August 31 the stock rating was upgraded by Bank of America to “Buy”. Mizuho upgraded the shares of CEO in report on Tuesday, May 17 to “Buy” rating. The firm earned “Buy” rating on Wednesday, May 18 by Nomura. The stock has “Neutral” rating by Bank of America on Thursday, August 27. See CNOOC Ltd (ADR) (NYSE:CEO) latest ratings:

24/03/2017 Broker: JP Morgan Old Rating: Underperform New Rating: Neutral Upgrade
24/03/2017 Broker: Macquarie Research Old Rating: Neutral New Rating: Outperform Upgrade
23/03/2017 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade

Majedie Asset Management Ltd increased Vimpelcom Ltd (VIP) stake by 52.36% reported in 2016Q4 SEC filing. Majedie Asset Management Ltd acquired 2.00 million shares as Vimpelcom Ltd (VIP)’s stock rose 9.69%. The Majedie Asset Management Ltd holds 5.81 million shares with $22.39M value, up from 3.82 million last quarter. Vimpelcom Ltd now has $14.35B valuation. The stock rose 1.23% or $0.05 reaching $4.13 per share. About 137,062 shares traded. VEON Ltd (ADR) (NASDAQ:VIP) has declined 4.71% since August 24, 2016 and is downtrending. It has underperformed by 15.57% the S&P500.

About 11,997 shares traded. CNOOC Ltd (ADR) (NYSE:CEO) has declined 11.99% since October 5, 2016 and is downtrending. It has underperformed by 22.86% the S&P500.

CNOOC Limited is a Hong Kong-based investment holding firm principally engaged in the exploration, production and trading of gas and oil. The company has market cap of $52.17 billion. The Company’s businesses include conventional gas and oil businesses, shale gas and oil businesses, oil sands businesses and other unconventional gas and oil businesses. It has a 568.51 P/E ratio. The Firm mainly operates through three divisions.

Among 7 analysts covering VimpelCom (NASDAQ:VIP), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. VimpelCom had 15 analyst reports since August 7, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Equal Weight” rating and $4.82 target in Friday, November 27 report. The company was upgraded on Tuesday, August 11 by HSBC. The firm earned “Neutral” rating on Friday, April 8 by Citigroup. The firm has “Buy” rating given on Tuesday, November 10 by Citigroup. The stock has “Buy” rating by Goldman Sachs on Tuesday, February 14. The firm has “Buy” rating given on Wednesday, September 14 by Renaissance Capital. The firm has “Hold” rating by Deutsche Bank given on Monday, August 10. On Friday, August 7 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained VEON Ltd (ADR) (NASDAQ:VEON) on Monday, November 9 with “Outperform” rating. Barclays Capital maintained VEON Ltd (ADR) (NASDAQ:VEON) rating on Wednesday, August 26. Barclays Capital has “Equal Weight” rating and $5.10 target.