Kyivstar Group (NASDAQ:KYIV) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Kyivstar Group (NASDAQ:KYIV) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $16.6250.

Several brokerages recently commented on KYIV. Barclays began coverage on Kyivstar Group in a report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 target price on the stock. Benchmark began coverage on shares of Kyivstar Group in a research report on Friday, March 27th. They issued a “buy” rating and a $20.00 price target on the stock. Morgan Stanley began coverage on shares of Kyivstar Group in a research report on Friday, June 5th. They issued an “equal weight” rating and a $17.00 price target on the stock. Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research report on Monday, June 15th. Finally, 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in Kyivstar Group in the fourth quarter worth approximately $54,000. Rangeley Capital LLC purchased a new position in Kyivstar Group during the 1st quarter worth approximately $101,000. Quadrature Capital Ltd purchased a new position in Kyivstar Group during the 4th quarter worth approximately $133,000. Goldman Sachs Group Inc. purchased a new position in Kyivstar Group during the 4th quarter worth approximately $249,000. Finally, Cantor Fitzgerald L. P. purchased a new position in Kyivstar Group during the 3rd quarter worth approximately $250,000.

Kyivstar Group Price Performance

Shares of NASDAQ:KYIV opened at $15.39 on Tuesday. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.48. The company has a market capitalization of $3.55 billion and a PE ratio of 14.38. The business’s 50 day moving average price is $13.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 1.16.

Kyivstar Group (NASDAQ:KYIV) last announced 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, sell-side analysts expect that Kyivstar Group will post 1.43 EPS for the current year.

About Kyivstar Group

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.