Qiwi (QIWI) Raised to “Hold” at BidaskClub

Qiwi (NASDAQ:QIWI) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts also recently issued reports about the company. ValuEngine downgraded Qiwi from a “buy” rating to a “hold” rating in a report on Sunday, December 3rd. Zacks Investment Research raised Qiwi from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Qiwi currently has a consensus rating of “Hold” and an average target price of $22.67.

Shares of Qiwi (NASDAQ QIWI) opened at $17.57 on Tuesday. Qiwi has a 1-year low of $12.17 and a 1-year high of $26.55. The company has a market capitalization of $1,060.00, a price-to-earnings ratio of 24.07 and a beta of 3.23.

Qiwi (NASDAQ:QIWI) last announced its quarterly earnings results on Thursday, November 16th. The credit services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Qiwi had a return on equity of 20.98% and a net margin of 13.47%. equities analysts anticipate that Qiwi will post 1.09 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Citigroup Inc. lifted its holdings in shares of Qiwi by 2.1% during the second quarter. Citigroup Inc. now owns 48,732 shares of the credit services provider’s stock valued at $1,203,000 after purchasing an additional 990 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Qiwi by 19.4% during the second quarter. Northern Trust Corp now owns 20,283 shares of the credit services provider’s stock valued at $501,000 after purchasing an additional 3,296 shares in the last quarter. Eqis Capital Management Inc. lifted its holdings in shares of Qiwi by 16.2% during the third quarter. Eqis Capital Management Inc. now owns 26,078 shares of the credit services provider’s stock valued at $442,000 after purchasing an additional 3,644 shares in the last quarter. State Street Corp lifted its holdings in shares of Qiwi by 8.7% during the second quarter. State Street Corp now owns 47,658 shares of the credit services provider’s stock valued at $1,177,000 after purchasing an additional 3,808 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Qiwi by 1.2% during the second quarter. Parametric Portfolio Associates LLC now owns 329,079 shares of the credit services provider’s stock valued at $8,122,000 after purchasing an additional 3,823 shares in the last quarter. 17.50% of the stock is currently owned by hedge funds and other institutional investors.

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About Qiwi

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.

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