Qiwi (QIWI) Cut to Sell at BidaskClub
BidaskClub downgraded shares of Qiwi (NASDAQ:QIWI) from a hold rating to a sell rating in a report issued on Tuesday.
QIWI has been the topic of several other reports. ValuEngine cut shares of Qiwi from a buy rating to a hold rating in a research report on Sunday, December 3rd. Zacks Investment Research cut shares of Qiwi from a hold rating to a strong sell rating in a research report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Qiwi presently has an average rating of Hold and an average price target of $22.67.
Shares of Qiwi (NASDAQ:QIWI) traded up $0.43 during mid-day trading on Tuesday, hitting $16.94. 333,673 shares of the stock traded hands, compared to its average volume of 890,214. Qiwi has a one year low of $11.60 and a one year high of $26.55. The firm has a market cap of $1,030.00, a price-to-earnings ratio of 23.21 and a beta of 3.23.
A number of large investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in Qiwi during the 3rd quarter worth about $1,105,000. Cubist Systematic Strategies LLC bought a new stake in Qiwi during the 3rd quarter worth about $268,000. Allianz Asset Management GmbH lifted its position in Qiwi by 83.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 70,000 shares of the credit services provider’s stock worth $1,186,000 after buying an additional 31,900 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Qiwi during the 3rd quarter worth about $4,208,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Qiwi in the 3rd quarter valued at about $2,719,000. 17.49% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: “Qiwi (QIWI) Cut to Sell at BidaskClub” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.watchlistnews.com/qiwi-qiwi-cut-to-sell-at-bidaskclub/1802052.html.
Qiwi 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.
Receive News & Ratings for Qiwi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi and related companies with Analyst Ratings Network's FREE daily email newsletter.