Kyivstar Group (NASDAQ:KYIV) Now Covered by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley assumed coverage on shares of Kyivstar Group (NASDAQ:KYIV) in a research report issued on Friday,Benzinga reports. The firm set an “equal weight” rating and a $17.00 price target on the stock. Morgan Stanley’s target price would suggest a potential upside of 21.95% from the company’s previous close.

A number of other analysts have also commented on the company. Benchmark initiated coverage on Kyivstar Group in a report on Friday, March 27th. They set a “buy” rating and a $20.00 price objective for the company. Barclays initiated coverage on Kyivstar Group in a report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 price objective for the company. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Finally, Weiss Ratings raised Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kyivstar Group has a consensus rating of “Moderate Buy” and an average target price of $16.63.

Kyivstar Group Price Performance

Shares of Kyivstar Group stock opened at $13.94 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50-day moving average price of $12.35. The company has a market cap of $3.22 billion and a price-to-earnings ratio of 13.03. Kyivstar Group has a one year low of $9.29 and a one year high of $16.48.

Kyivstar Group (NASDAQ:KYIV) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $323.00 million for the quarter. On average, sell-side analysts expect that Kyivstar Group will post 1.43 EPS for the current year.

Hedge Funds Weigh In On Kyivstar Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Polar Asset Management Partners Inc. purchased a new position in shares of Kyivstar Group in the 3rd quarter worth approximately $3,105,000. UBS Group AG boosted its stake in shares of Kyivstar Group by 27.9% in the 4th quarter. UBS Group AG now owns 751,322 shares of the company’s stock worth $9,752,000 after buying an additional 164,113 shares during the last quarter. Cantor Fitzgerald L. P. purchased a new position in shares of Kyivstar Group in the 3rd quarter worth approximately $250,000. Pertento Partners LLP purchased a new position in shares of Kyivstar Group in the 4th quarter worth approximately $23,456,000. Finally, Millennium Management LLC boosted its stake in shares of Kyivstar Group by 24.6% in the 4th quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock worth $1,656,000 after buying an additional 25,199 shares during the last quarter.

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.