Kyivstar Group (NASDAQ:KYIV) Hits New 52-Week Low – Here’s Why

Kyivstar Group (NASDAQ:KYIV) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $9.91 and last traded at $9.74, with a volume of 107774 shares trading hands. The stock had previously closed at $10.05.

Analysts Set New Price Targets

KYIV has been the topic of several recent analyst reports. Benchmark initiated coverage on shares of Kyivstar Group in a research note on Friday. They issued a “buy” rating and a $20.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 target price on shares of Kyivstar Group in a research note on Wednesday, December 24th. Weiss Ratings assumed coverage on shares of Kyivstar Group in a research note on Tuesday, March 17th. They set a “hold (c)” rating for the company. Finally, Wall Street Zen upgraded Kyivstar Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Kyivstar Group Price Performance

The company’s fifty day moving average price is $11.78. The stock has a market cap of $2.18 billion and a PE ratio of 13.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.39 and a quick ratio of 1.38.

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

Hedge Funds Weigh In On Kyivstar Group

Several institutional investors have recently bought and sold shares of KYIV. Polar Asset Management Partners Inc. bought a new stake in Kyivstar Group during the 3rd quarter valued at $3,105,000. Cantor Fitzgerald L. P. bought a new position in shares of Kyivstar Group in the 3rd quarter worth $250,000. Quadrature Capital Ltd purchased a new stake in shares of Kyivstar Group during the 4th quarter worth $133,000. Millennium Management LLC lifted its stake in shares of Kyivstar Group by 24.6% during the 4th quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock worth $1,656,000 after purchasing an additional 25,199 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Kyivstar Group during the fourth quarter valued at about $591,000.

About Kyivstar Group

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.