Kyivstar Group (NASDAQ:KYIV) Sees Large Volume Increase – Still a Buy?

Shares of Kyivstar Group (NASDAQ:KYIVGet Free Report) saw unusually-high trading volume on Friday . Approximately 2,563,162 shares changed hands during mid-day trading, an increase of 299% from the previous session’s volume of 642,696 shares.The stock last traded at $11.08 and had previously closed at $12.05.

Trending Headlines about Kyivstar Group

Here are the key news stories impacting Kyivstar Group this week:

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KYIV. Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a report on Thursday, January 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 price objective on shares of Kyivstar Group in a research note on Wednesday, December 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $17.00.

Check Out Our Latest Report on Kyivstar Group

Kyivstar Group Trading Down 5.8%

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 firm has a market cap of $2.62 billion and a price-to-earnings ratio of 34.39.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Polar Asset Management Partners Inc. bought a new stake in shares of Kyivstar Group during the 3rd quarter valued at about $3,105,000. Cantor Fitzgerald L. P. purchased a new stake in Kyivstar Group in the third quarter worth approximately $250,000. SG Americas Securities LLC bought a new stake in shares of Kyivstar Group in the 4th quarter worth approximately $279,000. Finally, UBS Group AG boosted its stake in shares of Kyivstar Group by 27.9% in the 4th quarter. UBS Group AG now owns 751,322 shares of the company’s stock valued at $9,752,000 after purchasing an additional 164,113 shares in the last quarter.

Kyivstar Group Company Profile

(Get Free Report)

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.

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