Qiwi PLC Rating Lowered to Neutral at Zacks (QIWI)
Qiwi PLC (NASDAQ:QIWI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, Analyst Ratings Network.com reports. They currently have a $48.00 price target on the stock. Zacks‘ target price points to a potential upside of 20.00% from the stock’s previous close.
Separately, analysts at Goldman Sachs Group Inc. initiated coverage on shares of Qiwi PLC in a research note to investors on Friday, November 22nd. They set a “buy” rating and a $70.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $43.50.
Shares of Qiwi PLC (NASDAQ:QIWI) traded up 0.85% on Tuesday, hitting $40.34. 855,883 shares of the company’s stock traded hands. Qiwi PLC has a one year low of $14.51 and a one year high of $59.24. The stock’s 50-day moving average is $51.18 and its 200-day moving average is $38.43. The company has a market cap of $2.099 billion and a price-to-earnings ratio of 39.37.
Qiwi PLC (NASDAQ:QIWI) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.07. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $40.55 million. The company’s quarterly revenue was up 49.4% on a year-over-year basis. On average, analysts predict that Qiwi PLC will post $1.21 earnings per share for the current fiscal year.
QIWI plc. is a provider of payment services in Russia and Commonwealth of Independent States (NASDAQ:QIWI).
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