Polar Asset Management Partners Inc. Makes New Investment in Kyivstar Group $KYIV

Polar Asset Management Partners Inc. purchased a new stake in shares of Kyivstar Group (NASDAQ:KYIV) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 248,432 shares of the company’s stock, valued at approximately $3,105,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KYIV. Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 price objective on shares of Kyivstar Group in a report on Wednesday, December 24th. Weiss Ratings assumed coverage on shares of Kyivstar Group in a research report on Tuesday. They issued a “hold (c)” rating on the stock. Finally, Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Kyivstar Group Stock Performance

Shares of Kyivstar Group stock opened at $10.20 on Friday. The company has a market cap of $2.35 billion and a P/E ratio of 14.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.39 and a quick ratio of 1.40. The business has a fifty day moving average price of $12.02. Kyivstar Group has a fifty-two week low of $10.12 and a fifty-two week high of $16.48.

Kyivstar Group (NASDAQ:KYIV) last issued its quarterly earnings results on Friday, March 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $302.65 million.

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.