Qiwi (QIWI) Upgraded to “Sell” by ValuEngine

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ValuEngine upgraded shares of Qiwi (NASDAQ:QIWI) from a strong sell rating to a sell rating in a research note published on Friday.

Several other analysts have also recently issued reports on QIWI. Zacks Investment Research cut Qiwi from a hold rating to a sell rating in a research note on Thursday, July 19th. TheStreet raised Qiwi from a c+ rating to a b- rating in a report on Monday, August 6th. BidaskClub lowered Qiwi from a sell rating to a strong sell rating in a report on Tuesday, August 21st. Finally, UBS Group decreased their price objective on Qiwi from $24.50 to $22.00 and set a buy rating for the company in a report on Friday, August 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $17.67.

Shares of NASDAQ QIWI opened at $13.98 on Friday. Qiwi has a 52-week low of $11.61 and a 52-week high of $20.05. The company has a market cap of $634.02 million, a price-to-earnings ratio of 13.44 and a beta of 2.31.

Qiwi (NASDAQ:QIWI) last announced its quarterly earnings data on Wednesday, November 14th. The credit services provider reported $18.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $18.81. Qiwi had a return on equity of 14.40% and a net margin of 11.52%. The firm had revenue of $5.23 billion for the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter in the prior year, the firm posted $17.38 earnings per share. Qiwi’s revenue for the quarter was up 61.5% compared to the same quarter last year. Equities research analysts expect that Qiwi will post 0.85 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Platinum Investment Management Ltd. lifted its position in shares of Qiwi by 11.7% during the 2nd quarter. Platinum Investment Management Ltd. now owns 2,556,346 shares of the credit services provider’s stock valued at $40,262,000 after acquiring an additional 268,025 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Qiwi by 14.8% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 885,490 shares of the credit services provider’s stock worth $11,662,000 after acquiring an additional 114,241 shares during the last quarter. River & Mercantile Asset Management LLP increased its stake in shares of Qiwi by 28.1% in the third quarter. River & Mercantile Asset Management LLP now owns 408,776 shares of the credit services provider’s stock worth $5,386,000 after acquiring an additional 89,548 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Qiwi by 114.8% in the third quarter. Renaissance Technologies LLC now owns 322,780 shares of the credit services provider’s stock worth $4,251,000 after acquiring an additional 172,480 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Qiwi by 40.4% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 173,742 shares of the credit services provider’s stock worth $2,288,000 after buying an additional 49,954 shares during the last quarter. Hedge funds and other institutional investors own 29.74% of the company’s stock.

About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

See Also: Exchange-Traded Funds (ETFs)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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