Kyivstar Group (NASDAQ:KYIV) Shares Gap Down – Here’s What Happened

Kyivstar Group (NASDAQ:KYIV) gapped down before the market opened on Thursday . The stock had previously closed at $11.67, but opened at $10.87. Kyivstar Group shares last traded at $10.6650, with a volume of 1,503,804 shares.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KYIV. Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 target price on shares of Kyivstar Group in a report on Wednesday, December 24th. Wall Street Zen upgraded Kyivstar Group from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $17.00.

Kyivstar Group Price Performance

The company has a fifty day moving average of $12.30. The company has a market cap of $2.39 billion and a price-to-earnings ratio of 31.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.40.

Institutional Investors Weigh In On Kyivstar Group

A number of institutional investors have recently modified their holdings of KYIV. Caitong International Asset Management Co. Ltd purchased a new position in shares of Kyivstar Group during the 4th quarter valued at $54,000. Quadrature Capital Ltd purchased a new stake in shares of Kyivstar Group during the fourth quarter worth $133,000. Goldman Sachs Group Inc. purchased a new stake in shares of Kyivstar Group during the fourth quarter worth $249,000. Cantor Fitzgerald L. P. acquired a new stake in Kyivstar Group during the third quarter valued at $250,000. Finally, SG Americas Securities LLC acquired a new stake in Kyivstar Group during the fourth quarter valued at $279,000.

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.