Shares of Qiwi Plc (NASDAQ:QIWI) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.50.

A number of analysts have recently commented on QIWI shares. ValuEngine upgraded shares of Qiwi Plc from a “hold” rating to a “buy” rating in a research note on Saturday. VTB Capital upgraded shares of Qiwi Plc from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. BidaskClub lowered shares of Qiwi Plc from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research upgraded shares of Qiwi Plc from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Citigroup Inc. lowered shares of Qiwi Plc from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th.

Several institutional investors and hedge funds have recently bought and sold shares of QIWI. Acadian Asset Management LLC purchased a new position in shares of Qiwi Plc in the second quarter worth approximately $9,939,000. Victory Capital Management Inc. purchased a new position in shares of Qiwi Plc in the second quarter worth approximately $3,385,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Qiwi Plc in the second quarter worth approximately $3,253,000. Cowen Inc. purchased a new position in shares of Qiwi Plc in the second quarter worth approximately $2,702,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Qiwi Plc in the second quarter worth approximately $1,783,000. 14.64% of the stock is currently owned by institutional investors.

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Qiwi Plc (NASDAQ:QIWI) traded up 0.06% on Thursday, reaching $16.98. 132,990 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $17.01 and its 200 day moving average price is $19.58. Qiwi Plc has a 52-week low of $11.60 and a 52-week high of $26.55. The company has a market cap of $1.03 billion, a PE ratio of 11.81 and a beta of 3.35.

Qiwi Plc Company Profile

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

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