Kyivstar Group (NASDAQ:KYIV) Research Coverage Started at Benchmark

Benchmark assumed coverage on shares of Kyivstar Group (NASDAQ:KYIV) in a research report report published on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $20.00 price target on the stock.

KYIV has been the topic of several other reports. Weiss Ratings initiated coverage on Kyivstar Group in a research note on Tuesday, March 17th. They issued a “hold (c)” rating on the stock. Wall Street Zen upgraded shares of Kyivstar Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 price objective on shares of Kyivstar Group in a report on Wednesday, December 24th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Kyivstar Group currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Kyivstar Group Stock Performance

Shares of KYIV stock opened at $10.05 on Friday. Kyivstar Group has a fifty-two week low of $9.99 and a fifty-two week high of $16.48. The company has a 50 day simple moving average of $11.78. The firm has a market capitalization of $2.32 billion and a PE ratio of 14.36. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.22.

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

Institutional Investors Weigh In On Kyivstar Group

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Kyivstar Group during the fourth quarter worth approximately $54,000. Quadrature Capital Ltd purchased a new stake in Kyivstar Group in the 4th quarter valued at $133,000. Millennium Management LLC raised its position in Kyivstar Group by 24.6% in the 4th quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock valued at $1,656,000 after purchasing an additional 25,199 shares during the last quarter. Pertento Partners LLP acquired a new stake in Kyivstar Group during the 4th quarter worth $23,456,000. Finally, Verition Fund Management LLC acquired a new stake in Kyivstar Group during the 4th quarter worth $591,000.

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.