Kyivstar Group (NASDAQ:KYIV) Rating Increased to Strong-Buy at Wall Street Zen

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

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings started coverage on shares of Kyivstar Group in a research report on Tuesday. They set a “hold (c)” rating for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 price objective on shares of Kyivstar Group in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Kyivstar Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Kyivstar Group Stock Performance

NASDAQ:KYIV opened at $10.10 on Friday. The stock has a market capitalization of $2.33 billion and a price-to-earnings ratio of 14.43. Kyivstar Group has a fifty-two week low of $9.99 and a fifty-two week high of $16.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.39. The company’s 50 day moving average is $11.97.

Kyivstar Group (NASDAQ:KYIV) last issued its earnings results on Friday, March 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $321.00 million during the quarter, compared to the consensus estimate of $302.65 million.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Pertento Partners LLP purchased a new stake in shares of Kyivstar Group in the 4th quarter worth about $23,456,000. UBS Group AG increased its position in shares of Kyivstar Group by 27.9% during the fourth quarter. UBS Group AG now owns 751,322 shares of the company’s stock valued at $9,752,000 after buying an additional 164,113 shares during the period. Polar Asset Management Partners Inc. purchased a new position in shares of Kyivstar Group during the third quarter valued at about $3,105,000. Millennium Management LLC raised its stake in Kyivstar Group by 24.6% in the fourth quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock worth $1,656,000 after buying an additional 25,199 shares in the last quarter. Finally, Quinn Opportunity Partners LLC raised its stake in Kyivstar Group by 59.6% in the fourth quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock worth $1,040,000 after buying an additional 29,900 shares in 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.