VimpelCom has changed its name to Veon.
Veon reported mixed first-quarter results with strong revenue growth, but weaker margins. We don't expect any significant changes to our fair value estimate, and our no-moat rating is intact. We believe the shares are fairly valued. The firm reported revenue growth of 13.1% versus our projection of 0.7%, but this growth was primarily due to favourable currency movements from the ruble appreciating against the U.S. dollar and the acquisition of Warid in Pakistan at the beginning of July 2016. On ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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