Kyivstar Group (NASDAQ:KYIV) Cut to “Hold” at Wall Street Zen

Kyivstar Group (NASDAQ:KYIV) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $17.00 price target on shares of Kyivstar Group in a research report on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Kyivstar Group presently has an average rating of “Buy” and a consensus target price of $17.00.

Kyivstar Group Price Performance

Shares of NASDAQ:KYIV opened at $12.27 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $2.83 billion and a P/E ratio of 37.18. Kyivstar Group has a 12-month low of $10.16 and a 12-month high of $16.48.

Hedge Funds Weigh In On Kyivstar Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Polar Asset Management Partners Inc. acquired a new stake in shares of Kyivstar Group in the 3rd quarter valued at about $3,105,000. UBS Group AG boosted its holdings in shares of 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 acquiring an additional 164,113 shares during the period. SG Americas Securities LLC purchased a new position in shares of Kyivstar Group during the fourth quarter worth approximately $279,000. Cantor Fitzgerald L. P. acquired a new position in shares of Kyivstar Group in the 3rd quarter valued at $250,000. Finally, Oppenheimer & Co. Inc. raised its position in Kyivstar Group by 55.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock valued at $569,000 after purchasing an additional 15,587 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.