Kyivstar Group (NASDAQ:KYIV) Hits New 1-Year Low – Time to Sell?

Kyivstar Group (NASDAQ:KYIV)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $10.15 and last traded at $10.20, with a volume of 3792780 shares traded. The stock had previously closed at $11.67.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Kyivstar Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Cantor Fitzgerald restated an “overweight” rating and set a $17.00 target price on shares of Kyivstar Group in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $17.00.

Kyivstar Group Stock Down 12.6%

The company has a market capitalization of $2.35 billion and a price-to-earnings ratio of 30.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50-day simple moving average of $12.25.

Hedge Funds Weigh In On Kyivstar Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of Kyivstar Group during the fourth quarter worth about $54,000. Quadrature Capital Ltd purchased a new stake in shares of Kyivstar Group during the fourth quarter worth approximately $133,000. Millennium Management LLC raised its holdings in Kyivstar Group by 24.6% in the fourth quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock valued at $1,656,000 after acquiring an additional 25,199 shares in the last quarter. Pertento Partners LLP purchased a new position in Kyivstar Group in the fourth quarter worth approximately $23,456,000. Finally, Verition Fund Management LLC purchased a new position in Kyivstar Group in the fourth quarter worth approximately $591,000.

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.