Kyivstar Group (NASDAQ:KYIV) Sees Large Volume Increase – What’s Next?

Kyivstar Group (NASDAQ:KYIV) shares saw unusually-high trading volume on Friday . Approximately 2,563,162 shares changed hands during mid-day trading, an increase of 299% from the previous session’s volume of 642,696 shares.The stock last traded at $11.08 and had previously closed at $12.05.

Wall Street Analysts Forecast Growth

KYIV has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $17.00 target price on shares of Kyivstar Group in a research report on Wednesday, December 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Kyivstar Group presently has a consensus rating of “Buy” and a consensus price target of $17.00.

Kyivstar Group Stock Performance

The stock has a market capitalization of $2.60 billion and a P/E ratio of 34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.40.

Institutional Investors Weigh In On Kyivstar Group

Several hedge funds and other institutional investors have recently made changes to their positions in KYIV. UBS Group AG increased its position in Kyivstar Group by 27.9% during the fourth quarter. UBS Group AG now owns 751,322 shares of the company’s stock worth $9,752,000 after buying an additional 164,113 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Kyivstar Group during the 3rd quarter valued at approximately $3,105,000. SG Americas Securities LLC acquired a new position in shares of Kyivstar Group during the 4th quarter worth $279,000. Finally, Cantor Fitzgerald L. P. acquired a new position in shares of Kyivstar Group during the 3rd quarter worth approximately $250,000.

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.