Kyivstar Group (NASDAQ:KYIV) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Kyivstar Group (NASDAQ:KYIV) from a buy rating to a hold rating in a report issued on Saturday.

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $17.00 price target on shares of Kyivstar Group in a research report on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.00.

Kyivstar Group Trading Down 0.2%

KYIV opened at $12.25 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.22. Kyivstar Group has a 52-week low of $10.16 and a 52-week high of $16.48. The company has a market cap of $2.83 billion and a price-to-earnings ratio of 37.12.

Institutional Investors Weigh In On Kyivstar Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in Kyivstar Group by 27.9% in the 4th quarter. UBS Group AG now owns 751,322 shares of the company’s stock valued at $9,752,000 after buying an additional 164,113 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Kyivstar Group during the third quarter worth about $3,105,000. Oppenheimer & Co. Inc. lifted its stake in shares of Kyivstar Group by 55.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock worth $569,000 after acquiring an additional 15,587 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Kyivstar Group in the fourth quarter worth about $279,000. Finally, Cantor Fitzgerald L. P. purchased a new position in Kyivstar Group in the third 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.