Qiwi Plc (NASDAQ:QIWI) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, October 21st.
Other analysts have also issued research reports about the stock. VTB Capital upgraded shares of Qiwi Plc from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of Qiwi Plc from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub cut shares of Qiwi Plc from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, Citigroup Inc. cut shares of Qiwi Plc from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $22.67.
Shares of Qiwi Plc (NASDAQ QIWI) traded up $0.23 during trading hours on Friday, hitting $16.84. 76,482 shares of the company’s stock were exchanged, compared to its average volume of 501,186. The firm has a market cap of $760.19, a price-to-earnings ratio of 14.35 and a beta of 3.33. Qiwi Plc has a 1 year low of $11.60 and a 1 year high of $26.55.
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A number of institutional investors have recently bought and sold shares of QIWI. KCG Holdings Inc. bought a new stake in Qiwi Plc during the 1st quarter worth approximately $200,000. Cambridge Investment Research Advisors Inc. bought a new stake in Qiwi Plc during the 2nd quarter worth approximately $201,000. Jane Street Group LLC purchased a new stake in shares of Qiwi Plc in the 1st quarter valued at $221,000. Dynamic Technology Lab Private Ltd bought a new stake in Qiwi Plc during the 3rd quarter valued at $245,000. Finally, Ameriprise Financial Inc. bought a new stake in Qiwi Plc during the 2nd quarter valued at $260,000. 13.90% of the stock is currently owned by institutional investors and hedge funds.
Qiwi Plc Company Profile
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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