Kyivstar Group (NASDAQ:KYIV) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Kyivstar Group (NASDAQ:KYIV) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.6250.

A number of research analysts recently issued reports on the stock. Barclays assumed coverage on shares of Kyivstar Group in a research report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 target price for the company. Weiss Ratings upgraded shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Benchmark assumed coverage on shares of Kyivstar Group in a research report on Friday, March 27th. They set a “buy” rating and a $20.00 target price for the company. Morgan Stanley assumed coverage on shares of Kyivstar Group in a research report on Friday. They set an “equal weight” rating and a $17.00 target price for the company. Finally, Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KYIV. Pertento Partners LLP purchased a new position in Kyivstar Group in the fourth quarter valued at $23,456,000. Polar Asset Management Partners Inc. purchased a new position in Kyivstar Group in the third quarter valued at $3,105,000. UBS Group AG increased its holdings in Kyivstar Group by 27.9% in the fourth quarter. UBS Group AG now owns 751,322 shares of the company’s stock valued at $9,752,000 after buying an additional 164,113 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Kyivstar Group in the first quarter valued at $820,000. Finally, Yorkville Advisors Global LP purchased a new position in Kyivstar Group in the first quarter valued at $551,000.

Kyivstar Group Price Performance

NASDAQ KYIV opened at $13.94 on Friday. The firm has a market capitalization of $3.22 billion and a P/E ratio of 13.03. The firm’s fifty day simple moving average is $12.35. Kyivstar Group has a 1 year low of $9.29 and a 1 year high of $16.48. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.22.

Kyivstar Group (NASDAQ:KYIV) last posted its earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $323.00 million for the quarter. Research analysts expect that Kyivstar Group will post 1.43 earnings per share for the current year.

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.