Kyivstar Group (NASDAQ:KYIV) Given Average Recommendation of “Moderate Buy” by Brokerages

Kyivstar Group (NASDAQ:KYIV) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.6250.

Several research analysts have commented on the company. Benchmark assumed coverage on Kyivstar Group in a research report on Friday, March 27th. They issued a “buy” rating and a $20.00 price target on the stock. Wall Street Zen downgraded Kyivstar Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Weiss Ratings raised Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Morgan Stanley assumed coverage on Kyivstar Group in a research report on Friday, June 5th. They issued an “equal weight” rating and a $17.00 price target on the stock. Finally, Barclays initiated coverage on Kyivstar Group in a research report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price target on the stock.

Institutional Investors Weigh In On Kyivstar Group

A number of institutional investors have recently added to or reduced their stakes in the company. Rangeley Capital LLC acquired a new stake in Kyivstar Group during the first quarter worth about $101,000. Renaissance Technologies LLC acquired a new stake in Kyivstar Group during the first quarter worth about $820,000. Yorkville Advisors Global LP acquired a new stake in Kyivstar Group during the first quarter worth about $551,000. Caitong International Asset Management Co. Ltd acquired a new stake in Kyivstar Group during the fourth quarter worth $54,000. Finally, Quadrature Capital Ltd acquired a new stake in Kyivstar Group during the fourth quarter worth $133,000.

Kyivstar Group Trading Up 3.3%

Shares of Kyivstar Group stock opened at $13.74 on Friday. The business has a fifty day moving average price of $12.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.16. Kyivstar Group has a 1-year low of $9.29 and a 1-year high of $16.48. The firm has a market capitalization of $3.17 billion and a PE ratio of 12.84.

Kyivstar Group (NASDAQ:KYIV) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $323.00 million during the quarter. As a group, research analysts predict that Kyivstar Group will post 1.43 earnings per share for the current year.

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.