International Business Machines Corp (NYSE:IBM) announced that it has reached a seven-year agreement with NiSource Inc. to continue providing a broad range of IT services, including the creation and management of a hybrid cloud computing environment. The agreement will help accelerate business innovation, while supporting NiSource’s continued strong focus on customer service, system security and business application performance. International Business Machines Corp. (NYSE:IBM) net profit margin is 19.10% and weekly performance is 1.73%. On last trading day company shares ended up $192.19. Analysts mean target price for the company is $193.48. International Business Machines Corp. (NYSE:IBM) distance from 50-day simple moving average (SMA50) is 1.31%.
VimpelCom Ltd (ADR) (NASDAQ:VIP) slumped -3.06% after the company revealed that due to the previously disclosed delay in the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2013, it received a notice from The NASDAQ Stock Market LLC on May 2, 2014 that the Company no longer complies with NASDAQ Listing Rule 5250(c)(1). Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”). VimpelCom Ltd (ADR) (NASDAQ:VIP) shares fell -0.60% in last trading session and ended the day on $8.26. Gross Margin is 71.70% and its return on assets is 3.80%. VimpelCom Ltd (ADR) (NASDAQ:VIP) quarterly performance is -17.23%.
Shares of Mobile TeleSystems OJSC (ADR) (NYSE:MBT) have earned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Analyst Ratings Network reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. Mobile TeleSystems OJSC (ADR) (NYSE:MBT) shares moved up 0.35% in last trading session and was closed at $17.35, while trading in range of $17.30 – $17.56. Mobile TeleSystems OJSC (ADR) (NYSE:MBT) year to date (YTD) performance is -19.79%.
Preferred shares of Rostelekom OAO (ADR) (OTCMKTS:ROSYY) gained 2 percent after Vedomosti reported the company’s management proposed an 18 percent dividend increase on 2013 profit. Rostelekom OAO (ADR) (OTCMKTS:ROSYY) ended the last trading day at $13.69.
Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY) reported first-quarter revenues down 3.0 percent from a year earlier to HUF 151.9 billion, with sales falling across fixed, mobile, IT and energy. EBITDA was still up 3.8 percent to HUF 40.5 billion, helped by improved gross margins, cost reductions and changes in the accounting of set-top box and frequency fees. These were somewhat offset by the higher telecom tax in Hungary. Net profit jumped to HUF 4.8 billion from HUF 1.7 billion, thanks to a reduction in depreciation and amortisation and lower forex losses. Magyar Telekom Tavkozlesi Nyrt (ADR) (OTCMKTS:MYTAY) on last trading day company shares ended up $7.29.