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

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

Several other research firms have also weighed in on KYIV. Benchmark started coverage on Kyivstar Group in a research note on Friday, March 27th. They issued a “buy” rating and a $20.00 target price on the stock. Barclays started coverage on Kyivstar Group in a research report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 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, Morgan Stanley began coverage on shares of Kyivstar Group in a research note on Friday, June 5th. They set an “equal weight” rating and a $17.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.63.

Kyivstar Group Stock Performance

Shares of Kyivstar Group stock opened at $13.63 on Monday. The company’s fifty day simple moving average is $12.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The company has a market cap of $3.15 billion and a PE ratio of 12.74. Kyivstar Group has a 52 week low of $9.29 and a 52 week high of $16.48.

Kyivstar Group (NASDAQ:KYIV) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. The company had revenue of $323.00 million during the quarter. As a group, research analysts forecast that Kyivstar Group will post 1.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new position in Kyivstar Group during the fourth quarter worth about $54,000. Rangeley Capital LLC bought a new stake in shares of Kyivstar Group in the first quarter worth about $101,000. Quadrature Capital Ltd acquired a new stake in shares of Kyivstar Group during the fourth quarter worth about $133,000. Goldman Sachs Group Inc. acquired a new stake in shares of Kyivstar Group during the fourth quarter worth about $249,000. Finally, Cantor Fitzgerald L. P. bought a new position in shares of Kyivstar Group during the 3rd quarter valued at about $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.