Kyivstar Group (NASDAQ:KYIV) Downgraded by Wall Street Zen to “Hold”

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 Sunday.

KYIV has been the subject of several other reports. Benchmark began 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 for the company. Morgan Stanley began coverage on shares of Kyivstar Group in a research report on Friday. They set an “equal weight” rating and a $17.00 target price for the company. Weiss Ratings upgraded shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Barclays began 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 for the company. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Kyivstar Group currently has an average rating of “Moderate Buy” and a consensus target price of $16.63.

Kyivstar Group Trading Down 1.5%

Shares of NASDAQ:KYIV opened at $13.73 on Friday. The company’s 50 day moving average price is $12.41. The stock has a market capitalization of $3.17 billion and a PE ratio of 12.83. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.48. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.22.

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

Institutional Investors Weigh In On Kyivstar Group

A number of hedge funds have recently made changes to their positions in the business. Rangeley Capital LLC bought a new stake in shares of Kyivstar Group in the 1st quarter worth approximately $101,000. Renaissance Technologies LLC bought a new stake in shares of Kyivstar Group in the 1st quarter worth approximately $820,000. Yorkville Advisors Global LP bought a new stake in shares of Kyivstar Group in the 1st quarter worth approximately $551,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Kyivstar Group in the 4th quarter worth approximately $54,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Kyivstar Group in the 4th quarter worth approximately $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.