Qiwi Plc (NASDAQ:QIWI) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently commented on QIWI. BidaskClub downgraded shares of Qiwi Plc from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research downgraded shares of Qiwi Plc from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, July 19th. Citigroup Inc. downgraded shares of Qiwi Plc from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. Finally, VTB Capital upgraded shares of Qiwi Plc from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.67.

Shares of Qiwi Plc (QIWI) traded up 0.06% during midday trading on Friday, hitting $16.98. The stock had a trading volume of 132,990 shares. The stock’s 50-day moving average price is $17.01 and its 200 day moving average price is $19.58. Qiwi Plc has a 52 week low of $11.60 and a 52 week high of $26.55. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 11.81 and a beta of 3.35.

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Several institutional investors and hedge funds have recently made changes to their positions in QIWI. Acadian Asset Management LLC purchased a new stake in shares of Qiwi Plc in the 2nd quarter worth approximately $9,939,000. Victory Capital Management Inc. purchased a new stake in shares of Qiwi Plc in the 2nd quarter worth approximately $3,385,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Qiwi Plc in the 2nd quarter worth approximately $3,253,000. Cowen Inc. purchased a new stake in shares of Qiwi Plc in the 2nd quarter worth approximately $2,702,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Qiwi Plc in the 2nd quarter worth approximately $1,783,000. 14.64% of the stock is owned by hedge funds and other institutional investors.

About Qiwi Plc

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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