Qiwi (QIWI) Lifted to “Buy” at ValuEngine
ValuEngine upgraded shares of Qiwi (NASDAQ:QIWI) from a hold rating to a buy rating in a research note released on Monday morning.
QIWI has been the subject of a number of other reports. BidaskClub cut shares of Qiwi from a sell rating to a strong sell rating in a report on Tuesday, August 15th. VTB Capital upgraded shares of Qiwi from a hold rating to a buy rating in a report on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Qiwi from a strong sell rating to a hold rating in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Qiwi currently has an average rating of Hold and a consensus price target of $22.67.
Shares of Qiwi (QIWI) opened at $15.61 on Monday. Qiwi has a fifty-two week low of $11.60 and a fifty-two week high of $26.55. The stock has a market cap of $714.39, a PE ratio of 13.96 and a beta of 3.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in QIWI. California Public Employees Retirement System lifted its stake in shares of Qiwi by 5.2% in the first quarter. California Public Employees Retirement System now owns 76,900 shares of the credit services provider’s stock valued at $1,319,000 after buying an additional 3,800 shares during the period. KCG Holdings Inc. bought a new stake in shares of Qiwi in the first quarter valued at about $200,000. Russell Investments Group Ltd. bought a new stake in shares of Qiwi in the second quarter valued at about $1,783,000. Acadian Asset Management LLC bought a new stake in shares of Qiwi in the second quarter valued at about $9,939,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Qiwi in the second quarter valued at about $3,253,000. Institutional investors and hedge funds own 17.48% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Qiwi (QIWI) Lifted to “Buy” at ValuEngine” was first published by Daily Political and is owned by of Daily Political. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.dailypolitical.com/2017/11/30/qiwi-qiwi-lifted-to-buy-at-valuengine.html.
Qiwi 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.
Receive News & Ratings for Qiwi PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi PLC and related companies with MarketBeat.com's FREE daily email newsletter.