Wall Street Zen Downgrades Kyivstar Group (NASDAQ:KYIV) to Hold

Kyivstar Group (NASDAQ:KYIV) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 target price on shares of Kyivstar Group in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $17.00.

Kyivstar Group Stock Up 1.4%

KYIV stock traded up $0.19 during mid-day trading on Wednesday, hitting $13.63. 71,221 shares of the stock were exchanged, compared to its average volume of 849,292. Kyivstar Group has a 12 month low of $10.16 and a 12 month high of $16.48. The firm has a market cap of $3.15 billion and a P/E ratio of 41.30.

Kyivstar Group Company Profile

Kyivstar Group (NASDAQ:KYIV) is a leading Ukrainian telecommunications operator that provides a broad range of consumer and business communications services. The company operates one of Ukraine’s largest mobile networks and offers voice, messaging and mobile broadband services over 3G and 4G/LTE technologies. In addition to mobile services, Kyivstar supplies fixed-line broadband and home internet access, serving residential customers with connectivity and related value‑added services.

For enterprise and public sector customers, Kyivstar delivers a portfolio of business solutions that includes fixed and mobile data plans, machine‑to‑machine (M2M) and Internet of Things (IoT) connectivity, and ICT services intended to support digital transformation.