Kyivstar Group (NASDAQ:KYIV) Announces Quarterly Earnings Results

Kyivstar Group (NASDAQ:KYIV) released its quarterly earnings results on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03, Zacks reports. The firm had revenue of $318.44 million for the quarter.

Kyivstar Group Stock Down 4.6%

Shares of NASDAQ:KYIV traded down $0.66 during midday trading on Thursday, reaching $13.89. The company’s stock had a trading volume of 309,218 shares, compared to its average volume of 803,320. The company’s 50 day moving average is $11.42. Kyivstar Group has a 1 year low of $9.29 and a 1 year high of $16.48. The firm has a market cap of $3.21 billion and a price-to-earnings ratio of 19.90. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KYIV. Quadrature Capital Ltd purchased a new stake in Kyivstar Group in the fourth quarter valued at approximately $133,000. Goldman Sachs Group Inc. purchased a new position in Kyivstar Group during the fourth quarter worth approximately $249,000. HRT Financial LP boosted its holdings in shares of Kyivstar Group by 12.0% in the 4th quarter. HRT Financial LP now owns 35,838 shares of the company’s stock valued at $465,000 after purchasing an additional 3,853 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Kyivstar Group in the 4th quarter valued at $591,000. Finally, Quinn Opportunity Partners LLC grew its stake in shares of Kyivstar Group by 59.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock valued at $1,040,000 after buying an additional 29,900 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently commented on KYIV shares. Wall Street Zen lowered shares of Kyivstar Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Benchmark started coverage on Kyivstar Group in a report on Friday, March 27th. They set a “buy” rating and a $20.00 target price on the stock. Weiss Ratings raised Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Barclays initiated coverage on Kyivstar Group in a report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price target for the company. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $16.50.

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.