Kyivstar Group (NASDAQ:KYIV) Shares Down 6.6% – Time to Sell?

Kyivstar Group (NASDAQ:KYIV) shares traded down 6.6% during mid-day trading on Friday . The company traded as low as $12.50 and last traded at $12.50. 97,520 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 477,458 shares. The stock had previously closed at $13.39.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 1st. 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. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $17.00.

Kyivstar Group Stock Performance

The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.22. The company has a market cap of $2.84 billion and a price-to-earnings ratio of 37.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. purchased a new stake in Kyivstar Group in the 3rd quarter valued at about $250,000. SG Americas Securities LLC purchased a new stake in shares of Kyivstar Group during the fourth quarter valued at approximately $279,000. Finally, Polar Asset Management Partners Inc. bought a new stake in Kyivstar Group during the third quarter worth $3,105,000.

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.