Kyivstar Group (NASDAQ:KYIV) Shares Gap Up – Time to Buy?

Shares of Kyivstar Group (NASDAQ:KYIV) gapped up before the market opened on Friday . The stock had previously closed at $10.90, but opened at $11.87. Kyivstar Group shares last traded at $11.5450, with a volume of 743,502 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KYIV shares. Barclays started coverage on Kyivstar Group in a research report on Wednesday. They set an “overweight” rating and a $12.50 price objective on the stock. Benchmark started coverage on Kyivstar Group in a research report on Friday, March 27th. They set a “buy” rating and a $20.00 price objective on the stock. Weiss Ratings started coverage on Kyivstar Group in a research report on Tuesday, March 17th. They set a “hold (c)” rating on the stock. Wall Street Zen upgraded Kyivstar Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $17.00 price objective on shares of Kyivstar Group in a research report on Wednesday, December 24th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Kyivstar Group has an average rating of “Moderate Buy” and an average price target of $16.50.

Kyivstar Group Stock Performance

The company has a market capitalization of $2.64 billion and a PE ratio of 16.36. The stock has a fifty day moving average price of $11.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.39 and a quick ratio of 1.38.

Kyivstar Group (NASDAQ:KYIV) last announced its earnings results on Friday, March 13th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. The company had revenue of $321.00 million for the quarter, compared to analyst estimates of $302.65 million.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pertento Partners LLP acquired a new position in Kyivstar Group during the 4th quarter worth about $23,456,000. UBS Group AG lifted its holdings in Kyivstar Group by 27.9% during the 4th 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 position in shares of Kyivstar Group in the 3rd quarter valued at about $3,105,000. Millennium Management LLC lifted its stake in shares of Kyivstar Group by 24.6% in the 4th quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock valued at $1,656,000 after purchasing an additional 25,199 shares during the period. Finally, Quinn Opportunity Partners LLC lifted its stake in shares of Kyivstar Group by 59.6% in the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock valued at $1,040,000 after purchasing an additional 29,900 shares during the period.

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.