Kyivstar Group Sees Unusually High Options Volume (NASDAQ:KYIV)

Kyivstar Group (NASDAQ:KYIV) was the target of some unusual options trading activity on Monday. Traders bought 5,017 call options on the stock. This is an increase of approximately 665% compared to the average daily volume of 656 call options.

Hedge Funds Weigh In On Kyivstar Group

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Kyivstar Group during the fourth quarter worth about $54,000. Rangeley Capital LLC purchased a new stake in Kyivstar Group in the 1st quarter valued at approximately $101,000. WINTON GROUP Ltd acquired a new position in Kyivstar Group during the 2nd quarter worth approximately $163,000. Gordian Capital Singapore Pte Ltd acquired a new position in Kyivstar Group during the 4th quarter worth approximately $312,000. Finally, Maven Securities LTD purchased a new position in shares of Kyivstar Group during the 4th quarter worth approximately $607,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KYIV shares. Wall Street Zen raised shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Monday, June 15th. Morgan Stanley initiated 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 target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyivstar Group in a research report on Wednesday, August 5th. Finally, Benchmark reiterated a “buy” rating on shares of Kyivstar Group in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.62.

Kyivstar Group Stock Performance

Kyivstar Group stock traded down $0.34 during mid-day trading on Monday, reaching $12.71. 296,039 shares of the company were exchanged, compared to its average volume of 654,426. Kyivstar Group has a twelve month low of $9.29 and a twelve month high of $16.55. The firm’s 50-day simple moving average is $13.46 and its two-hundred day simple moving average is $13.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.25 and a current ratio of 1.26. The firm has a market cap of $2.95 billion and a PE ratio of 19.27.

Kyivstar Group (NASDAQ:KYIV) last announced its earnings results on Friday, July 31st. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Kyivstar Group had a net margin of 12.73% and a return on equity of 24.71%. The company had revenue of $334.66 million during the quarter. Equities analysts predict that Kyivstar Group will post 1.42 earnings per share for the current fiscal year.

Kyivstar Group Company Profile

Kyivstar Group Ltd. is a telecommunications and digital services company whose principal operating business is Kyivstar, one of Ukraine’s leading communications providers. The company offers mobile voice and data services, fixed-line broadband, internet connectivity and related digital communications products for consumers, businesses and public-sector organizations.

Kyivstar also provides enterprise solutions, including connectivity, cloud and digital services, cybersecurity-related offerings and communications tools designed to support businesses.