Kyivstar Group (NASDAQ:KYIV) Reaches New 1-Year High – Here’s Why

Kyivstar Group (NASDAQ:KYIV)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $16.55 and last traded at $16.1740, with a volume of 1491011 shares trading hands. The stock had previously closed at $15.68.

Analyst Upgrades and Downgrades

KYIV has been the topic of a number of recent research reports. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a report on Monday, June 15th. Weiss Ratings upgraded Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Benchmark initiated coverage on Kyivstar Group in a research report on Friday, March 27th. They set a “buy” rating and a $20.00 price target on the stock. Barclays began coverage on shares of Kyivstar Group in a report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price target on the stock. Finally, Morgan Stanley began coverage on shares of Kyivstar Group in a research note on Friday, June 5th. They set an “equal weight” rating and a $17.00 price objective for the company. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.62.

Kyivstar Group Stock Up 2.9%

The business has a 50-day moving average price of $13.82. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.73 billion and a price-to-earnings ratio of 15.08.

Kyivstar Group (NASDAQ:KYIV) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $323.00 million during the quarter. As a group, equities analysts anticipate that Kyivstar Group will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Kyivstar Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. HRT Financial LP increased its stake in Kyivstar Group by 12.0% in the 4th quarter. HRT Financial LP now owns 35,838 shares of the company’s stock worth $465,000 after purchasing an additional 3,853 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Kyivstar Group in the fourth quarter valued at approximately $54,000. Rangeley Capital LLC purchased a new stake in shares of Kyivstar Group during the first quarter valued at approximately $101,000. Quadrature Capital Ltd purchased a new stake in shares of Kyivstar Group during the fourth quarter valued at approximately $133,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Kyivstar Group by 55.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock worth $569,000 after purchasing an additional 15,587 shares during the last quarter.

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.