Kyivstar Group (NASDAQ:KYIV) Rating Lowered to Hold at Wall Street Zen

Kyivstar Group (NASDAQ:KYIV) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $17.00 price target on shares of Kyivstar Group in a research note on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $17.00.

Kyivstar Group Trading Up 1.4%

Shares of KYIV stock traded up $0.19 during mid-day trading on Wednesday, reaching $13.63. 71,221 shares of the stock traded hands, compared to its average volume of 849,292. The firm has a market capitalization of $3.15 billion and a price-to-earnings ratio of 41.30. Kyivstar Group has a 1-year low of $10.16 and a 1-year high of $16.48.

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.