Qiwi Plc (QIWI) Stock Rating Lowered by BidaskClub
Qiwi Plc (NASDAQ:QIWI) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.
Several other equities analysts have also commented on QIWI. ValuEngine lowered Qiwi Plc from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Zacks Investment Research raised Qiwi Plc from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Wednesday, May 24th. VTB Capital lowered Qiwi Plc from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a report on Monday, June 19th. Finally, Citigroup Inc. lowered Qiwi Plc from a “buy” rating to a “neutral” rating in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.25.
Qiwi Plc (NASDAQ:QIWI) opened at 18.55 on Tuesday. Qiwi Plc has a 52 week low of $11.60 and a 52 week high of $26.55.
Qiwi Plc (NASDAQ:QIWI) last posted its earnings results on Wednesday, May 17th. The credit services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.13. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. Qiwi Plc had a return on equity of 23.38% and a net margin of 14.27%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $20.41 earnings per share. Equities research analysts forecast that Qiwi Plc will post $1.17 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of QIWI. Fox Run Management L.L.C. acquired a new position in shares of Qiwi Plc during the first quarter worth about $326,000. Eqis Capital Management Inc. raised its position in shares of Qiwi Plc by 67.9% in the first quarter. Eqis Capital Management Inc. now owns 17,973 shares of the credit services provider’s stock worth $308,000 after buying an additional 7,270 shares during the last quarter. Advisors Preferred LLC purchased a new position in shares of Qiwi Plc during the first quarter worth about $143,000. Parametric Portfolio Associates LLC raised its position in shares of Qiwi Plc by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 325,256 shares of the credit services provider’s stock worth $5,578,000 after buying an additional 75,983 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Qiwi Plc during the first quarter worth about $281,000. 16.76% of the stock is owned by institutional investors and hedge funds.
Qiwi Plc Company Profile
QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.
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