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

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

KYIV has been the topic of several other research reports. Weiss Ratings raised shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Barclays initiated coverage on shares of Kyivstar Group in a research report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 target price on the stock. Finally, Benchmark initiated coverage on shares of Kyivstar Group in a research report on Friday, March 27th. They set a “buy” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Kyivstar Group Stock Down 0.5%

Kyivstar Group stock opened at $14.28 on Friday. Kyivstar Group has a 52 week low of $9.29 and a 52 week high of $16.48. The business’s 50 day moving average price is $12.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $3.30 billion and a PE ratio of 13.35.

Kyivstar Group (NASDAQ:KYIV) last posted its earnings results on Wednesday, May 13th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The firm had revenue of $323.00 million for the quarter. On average, equities analysts anticipate that Kyivstar Group will post 1.43 EPS for the current year.

Hedge Funds Weigh In On Kyivstar Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Kyivstar Group in the fourth quarter worth $54,000. Rangeley Capital LLC purchased a new stake in Kyivstar Group in the first quarter worth $101,000. Quadrature Capital Ltd purchased a new stake in Kyivstar Group in the fourth quarter worth $133,000. Goldman Sachs Group Inc. purchased a new stake in Kyivstar Group in the fourth quarter worth $249,000. Finally, Cantor Fitzgerald L. P. purchased a new stake in Kyivstar Group in the third quarter worth $250,000.

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.