Kyivstar Group (NASDAQ:KYIV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Kyivstar Group (NASDAQ:KYIV) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $16.6250.

Several brokerages have recently issued reports on KYIV. Benchmark started coverage on shares of Kyivstar Group in a report on Friday, March 27th. They set a “buy” rating and a $20.00 price target for the company. Morgan Stanley initiated coverage on Kyivstar Group in a report on Friday, June 5th. They issued an “equal weight” rating and a $17.00 target price for the company. Barclays initiated coverage on Kyivstar Group in a research note on Wednesday, April 8th. They set an “overweight” rating and a $12.50 price target on the stock. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th.

Kyivstar Group Stock Performance

Shares of KYIV stock traded down $0.01 during trading on Tuesday, hitting $16.13. The company had a trading volume of 228,715 shares, compared to its average volume of 776,622. The company has a market cap of $3.72 billion and a price-to-earnings ratio of 15.08. Kyivstar Group has a one year low of $9.29 and a one year high of $16.55. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The stock’s 50-day simple moving average is $13.91.

Kyivstar Group (NASDAQ:KYIV) last announced 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 for the quarter. On average, research analysts anticipate that Kyivstar Group will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kyivstar Group

Several institutional investors and hedge funds have recently made changes to their positions in KYIV. Polar Asset Management Partners Inc. bought a new position in Kyivstar Group during the third quarter worth $3,105,000. Cantor Fitzgerald L. P. acquired a new stake in Kyivstar Group during the third quarter worth approximately $250,000. SG Americas Securities LLC bought a new stake in Kyivstar Group in the fourth quarter worth approximately $279,000. UBS Group AG boosted its holdings in shares of Kyivstar Group by 27.9% during 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 in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Kyivstar Group by 55.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock worth $569,000 after buying an additional 15,587 shares in 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.