Kyivstar Group (NASDAQ:KYIV) Raised to “Buy” at Wall Street Zen

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

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 price objective 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 MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $17.00.

Kyivstar Group Stock Performance

NASDAQ KYIV opened at $11.88 on Friday. The stock has a market capitalization of $2.74 billion and a price-to-earnings ratio of 36.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.40. Kyivstar Group has a one year low of $10.16 and a one year high of $16.48. The firm has a 50 day simple moving average of $12.37.

Institutional Investors Weigh In On Kyivstar Group

Several hedge funds and other institutional investors have recently modified their holdings of KYIV. Quinn Opportunity Partners LLC raised its stake in shares of Kyivstar Group by 59.6% in the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock valued at $1,040,000 after purchasing an additional 29,900 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Kyivstar Group during the fourth quarter worth about $591,000. HRT Financial LP grew its stake in Kyivstar Group by 12.0% in the fourth quarter. HRT Financial LP now owns 35,838 shares of the company’s stock worth $465,000 after purchasing an additional 3,853 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Kyivstar Group in the fourth quarter valued at about $249,000. Finally, Quadrature Capital Ltd bought a new stake in Kyivstar Group in the fourth quarter valued at about $133,000.

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.