VimpelCom Reported Mixed 2016 Results; Shares Fairly Valued
VimpelCom reported mixed 2016 results with weaker revenue, but better margins. We expect these issues to mostly offset each other and thus don't expect to make significant changes to our fair value estimate. Our no-moat rating is unchanged. The firm's reported revenue fell 7.5% year over year, versus our estimate of a 6.2% drop. However, the fourth quarter showed much more stable economies and currencies. Assuming these conditions continue, we expect that VimpelCom will generate revenue growth i...
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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