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

Kyivstar Group (NASDAQ:KYIV)’s share price hit a new 52-week low on Thursday . The company traded as low as $10.12 and last traded at $10.2550, with a volume of 649439 shares traded. The stock had previously closed at $10.72.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on KYIV shares. Cantor Fitzgerald restated an “overweight” rating and set a $17.00 target price on shares of Kyivstar Group in a research report on Wednesday, December 24th. Wall Street Zen raised Kyivstar Group from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Weiss Ratings assumed coverage on Kyivstar Group in a research report on Tuesday. They issued a “hold (c)” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Kyivstar Group Price Performance

The business’s fifty day simple moving average is $11.97. The company has a market capitalization of $2.33 billion and a price-to-earnings ratio of 14.43. The company has a quick ratio of 1.40, a current ratio of 1.39 and a debt-to-equity ratio of 0.22.

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

Institutional Investors Weigh In On Kyivstar Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pertento Partners LLP purchased a new position in shares of Kyivstar Group during the fourth quarter worth approximately $23,456,000. UBS Group AG raised its position in Kyivstar Group by 27.9% in the 4th quarter. UBS Group AG now owns 751,322 shares of the company’s stock valued at $9,752,000 after purchasing an additional 164,113 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Kyivstar Group in the 3rd quarter valued at $3,105,000. Millennium Management LLC boosted its stake in 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 period. Finally, Quinn Opportunity Partners LLC grew its position in Kyivstar Group by 59.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock worth $1,040,000 after purchasing an additional 29,900 shares during the last quarter.

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.