Kyivstar Group (NASDAQ:KYIV) Receives Average Recommendation of “Moderate Buy” from Analysts

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

KYIV has been the subject of several analyst reports. Benchmark initiated coverage on Kyivstar Group in a research note on Friday, March 27th. They set a “buy” rating and a $20.00 price objective for the company. Weiss Ratings upgraded Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Barclays initiated coverage on Kyivstar Group in a report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 target price on the stock. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a report on Monday, June 15th. Finally, Morgan Stanley assumed 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 objective on the stock.

Institutional Trading of Kyivstar Group

Hedge funds have recently made changes to their positions in the company. Rangeley Capital LLC purchased a new stake in shares of Kyivstar Group in the first quarter valued at about $101,000. Renaissance Technologies LLC acquired a new position in shares of Kyivstar Group during the first quarter worth about $820,000. Yorkville Advisors Global LP purchased a new position in Kyivstar Group during the first quarter worth about $551,000. Caitong International Asset Management Co. Ltd purchased a new position in Kyivstar Group during the fourth quarter worth about $54,000. Finally, Quadrature Capital Ltd acquired a new stake in Kyivstar Group in the fourth quarter valued at about $133,000.

Kyivstar Group Price Performance

Shares of NASDAQ:KYIV opened at $13.40 on Friday. The company has a 50-day simple moving average of $14.43 and a 200-day simple moving average of $12.76. Kyivstar Group has a one year low of $9.29 and a one year high of $16.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $3.09 billion and a price-to-earnings ratio of 12.52.

Kyivstar Group (NASDAQ:KYIV) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. The company had revenue of $323.00 million for the quarter. On average, analysts predict that Kyivstar Group will post 1.43 EPS for the current year.

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.