Qiwi (QIWI) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Qiwi (NASDAQ:QIWI) from a sell rating to a hold rating in a research report report published on Saturday.
According to Zacks, “QIWI plc operates as a provider of next generation payment services primarily in Russia and the CIS. The Company has an integrated network that enables payment services across physical, online and mobile channels. It enables merchants to accept cash and electronic payments from virtual wallets, and operates cash-collecting terminals and kiosks. QIWI plc is based in Moscow, the Russian Federation. “
A number of other brokerages have also recently commented on QIWI. BidaskClub raised Qiwi from a strong sell rating to a sell rating in a report on Thursday, December 21st. ValuEngine raised Qiwi from a hold rating to a buy rating in a report on Monday, November 27th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $22.67.
A number of large investors have recently bought and sold shares of QIWI. Wells Fargo & Company MN raised its holdings in Qiwi by 110.5% during the second quarter. Wells Fargo & Company MN now owns 15,378 shares of the credit services provider’s stock valued at $380,000 after acquiring an additional 8,073 shares during the period. Ameriprise Financial Inc. bought a new stake in Qiwi during the second quarter valued at about $260,000. Northern Trust Corp raised its holdings in Qiwi by 19.4% during the second quarter. Northern Trust Corp now owns 20,283 shares of the credit services provider’s stock valued at $501,000 after acquiring an additional 3,296 shares during the period. State Street Corp raised its holdings in Qiwi by 8.7% during the second quarter. State Street Corp now owns 47,658 shares of the credit services provider’s stock valued at $1,177,000 after acquiring an additional 3,808 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Qiwi by 44.8% during the third quarter. SG Americas Securities LLC now owns 47,329 shares of the credit services provider’s stock valued at $802,000 after acquiring an additional 14,645 shares during the period. 26.30% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Qiwi (QIWI) Stock Rating Upgraded by Zacks Investment Research” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2018/03/14/qiwi-qiwi-stock-rating-upgraded-by-zacks-investment-research.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Qiwi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi and related companies with MarketBeat.com's FREE daily email newsletter.