Qiwi (NASDAQ:QIWI) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Qiwi from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 15th. BidaskClub lowered shares of Qiwi from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 15th. Finally, VTB Capital upgraded shares of Qiwi from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.67.

Shares of Qiwi (NASDAQ:QIWI) opened at $14.23 on Friday. The firm has a market capitalization of $862.30, a P/E ratio of 12.92 and a beta of 3.33. Qiwi has a 12-month low of $11.60 and a 12-month high of $26.55.

Several hedge funds have recently added to or reduced their stakes in QIWI. California Public Employees Retirement System lifted its holdings in shares of Qiwi by 5.2% during the first quarter. California Public Employees Retirement System now owns 76,900 shares of the credit services provider’s stock valued at $1,319,000 after purchasing an additional 3,800 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Qiwi in the 2nd quarter worth approximately $1,783,000. DekaBank Deutsche Girozentrale purchased a new position in Qiwi in the 2nd quarter worth approximately $3,253,000. State of Wisconsin Investment Board purchased a new position in Qiwi in the 2nd quarter worth approximately $968,000. Finally, SG Americas Securities LLC raised its holdings in Qiwi by 63.4% in the 2nd quarter. SG Americas Securities LLC now owns 32,684 shares of the credit services provider’s stock worth $807,000 after acquiring an additional 12,684 shares during the last quarter. Hedge funds and other institutional investors own 17.48% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Qiwi (QIWI) Cut to “Hold” at ValuEngine” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/qiwi-qiwi-cut-to-hold-at-valuengine/1740552.html.

About Qiwi

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.

Receive News & Ratings for Qiwi PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.