Kyivstar Group (NASDAQ:KYIV) Now Covered by Analysts at Benchmark

Investment analysts at Benchmark assumed coverage on shares of Kyivstar Group (NASDAQ:KYIV) in a note issued to investors on Friday. The brokerage set a “buy” rating and a $20.00 price target on the stock. Benchmark’s price target points to a potential upside of 95.89% from the stock’s current price.

Several other brokerages also recently commented on KYIV. Wall Street Zen upgraded shares of Kyivstar Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Weiss Ratings began coverage on Kyivstar Group in a research report on Tuesday, March 17th. They set a “hold (c)” rating for the company. Finally, 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Kyivstar Group currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Kyivstar Group Stock Performance

Shares of NASDAQ KYIV opened at $10.21 on Friday. The company has a market capitalization of $2.36 billion and a PE ratio of 14.59. The stock has a fifty day moving average of $11.82. Kyivstar Group has a 52 week low of $9.99 and a 52 week high of $16.48. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.22.

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

Hedge Funds Weigh In On Kyivstar Group

Large investors have recently bought and sold shares of the company. Pertento Partners LLP bought a new stake in shares of Kyivstar Group during the fourth quarter worth about $23,456,000. UBS Group AG boosted its position 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. bought a new stake in Kyivstar Group during the 3rd quarter worth approximately $3,105,000. Millennium Management LLC increased its position in 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 acquiring an additional 25,199 shares during the period. Finally, Quinn Opportunity Partners LLC raised its stake in shares of Kyivstar Group by 59.6% during the fourth quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock valued at $1,040,000 after acquiring an additional 29,900 shares during the last quarter.

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.