Shares of Qiwi PLC (NASDAQ:QIWI) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.50.

A number of research analysts recently issued reports on the company. ValuEngine downgraded Qiwi from a “buy” rating to a “hold” rating in a research note on Sunday, December 3rd. Zacks Investment Research upgraded Qiwi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub downgraded Qiwi from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 15th. Finally, VTB Capital upgraded Qiwi from a “hold” rating to a “buy” rating in a research note on Friday, August 18th.

A number of hedge funds have recently bought and sold shares of the business. Citigroup Inc. boosted its stake in Qiwi by 2.1% in the 2nd quarter. Citigroup Inc. now owns 48,732 shares of the credit services provider’s stock worth $1,203,000 after purchasing an additional 990 shares during the period. Northern Trust Corp boosted its stake in Qiwi by 19.4% in the 2nd quarter. Northern Trust Corp now owns 20,283 shares of the credit services provider’s stock worth $501,000 after purchasing an additional 3,296 shares during the period. Eqis Capital Management Inc. boosted its stake in Qiwi by 16.2% in the 3rd quarter. Eqis Capital Management Inc. now owns 26,078 shares of the credit services provider’s stock worth $442,000 after purchasing an additional 3,644 shares during the period. State Street Corp boosted its stake in Qiwi by 8.7% in the 2nd quarter. State Street Corp now owns 47,658 shares of the credit services provider’s stock worth $1,177,000 after purchasing an additional 3,808 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Qiwi by 1.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 329,079 shares of the credit services provider’s stock worth $8,122,000 after purchasing an additional 3,823 shares during the period. Institutional investors and hedge funds own 17.62% of the company’s stock.

Qiwi (NASDAQ:QIWI) opened at $14.27 on Friday. The stock has a market capitalization of $619.65, a P/E ratio of 12.10 and a beta of 3.23. Qiwi has a 52 week low of $11.60 and a 52 week high of $26.55.

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About Qiwi

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.

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