Kyivstar Group (NASDAQ:KYIV) Stock Rating Lowered by Wall Street Zen

Kyivstar Group (NASDAQ:KYIV) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 price target on shares of Kyivstar Group in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $17.00.

Kyivstar Group Stock Up 3.7%

NASDAQ:KYIV opened at $12.27 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.22. Kyivstar Group has a 1-year low of $10.16 and a 1-year high of $16.48. The stock has a market capitalization of $2.83 billion and a P/E ratio of 37.18.

Institutional Investors Weigh In On Kyivstar Group

Institutional investors have recently added to or reduced their stakes in the stock. Cantor Fitzgerald L. P. acquired a new position in shares of Kyivstar Group during the 3rd quarter valued at about $250,000. SG Americas Securities LLC acquired a new position in Kyivstar Group in the 4th quarter valued at about $279,000. Oppenheimer & Co. Inc. grew its stake in shares of Kyivstar Group by 55.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock valued at $569,000 after buying an additional 15,587 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Kyivstar Group during the 3rd quarter worth approximately $3,105,000. Finally, UBS Group AG raised its position in shares of Kyivstar Group by 27.9% during the 4th quarter. UBS Group AG now owns 751,322 shares of the company’s stock valued at $9,752,000 after buying an additional 164,113 shares during the period.

About Kyivstar Group

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.