Kyivstar Group (NASDAQ:KYIV) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Kyivstar Group (NASDAQ:KYIV) from a buy rating to a hold rating in a research note published on Saturday.

Several other brokerages have also weighed in on KYIV. Barclays assumed coverage on Kyivstar Group in a research report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price objective for the company. Weiss Ratings upgraded Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Benchmark assumed coverage on Kyivstar Group in a research report on Friday, March 27th. They issued a “buy” rating and a $20.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Kyivstar Group Stock Performance

Shares of Kyivstar Group stock opened at $13.29 on Friday. The stock has a market capitalization of $3.07 billion and a price-to-earnings ratio of 18.99. Kyivstar Group has a fifty-two week low of $9.29 and a fifty-two week high of $16.48. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $11.48.

Kyivstar Group (NASDAQ:KYIV) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $323.00 million during the quarter. Analysts forecast that Kyivstar Group will post 1.38 EPS for the current year.

Institutional Trading of Kyivstar Group

Hedge funds have recently modified their holdings of the stock. Polar Asset Management Partners Inc. acquired a new stake in shares of Kyivstar Group in the third quarter valued at $3,105,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Kyivstar Group in the third quarter valued at $250,000. Verition Fund Management LLC purchased a new position in Kyivstar Group in the fourth quarter valued at $591,000. Millennium Management LLC increased its holdings in Kyivstar Group by 24.6% in the fourth quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock valued at $1,656,000 after buying an additional 25,199 shares during the last quarter. Finally, Pertento Partners LLP purchased a new position in Kyivstar Group in the fourth quarter valued at $23,456,000.

About Kyivstar Group

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.