Kyivstar Group (NASDAQ:KYIV) Receives Average Recommendation of “Moderate Buy” from Analysts

Kyivstar Group (NASDAQ:KYIV) has earned an average rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.6250.

KYIV has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Barclays started coverage on shares of Kyivstar Group in a report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 price target on the stock. Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a report on Monday, June 15th. Benchmark started coverage on shares of Kyivstar Group in a report on Friday, March 27th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Morgan Stanley started coverage on shares of Kyivstar Group in a report on Friday, June 5th. They set an “equal weight” rating and a $17.00 price target on the stock.

Hedge Funds Weigh In On Kyivstar Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rangeley Capital LLC purchased a new position in shares of Kyivstar Group during the 1st quarter valued at $101,000. Renaissance Technologies LLC purchased a new position in shares of Kyivstar Group during the 1st quarter valued at $820,000. Yorkville Advisors Global LP purchased a new position in shares of Kyivstar Group during the 1st quarter valued at $551,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Kyivstar Group during the 4th quarter valued at $54,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Kyivstar Group during the 4th quarter valued at $133,000.

Kyivstar Group Stock Performance

NASDAQ KYIV opened at $15.39 on Tuesday. Kyivstar Group has a twelve month low of $9.29 and a twelve month high of $16.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $3.55 billion and a PE ratio of 14.38. The business’s 50 day moving average price is $13.51.

Kyivstar Group (NASDAQ:KYIV) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The firm had revenue of $323.00 million for the quarter. On average, research analysts forecast that Kyivstar Group will post 1.43 EPS for the current fiscal 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.