Kyivstar Group (NASDAQ:KYIV) Raised to Strong-Buy at Wall Street Zen

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

Several other research firms have also recently weighed in on KYIV. Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 price objective on shares of Kyivstar Group in a research report on Wednesday, December 24th. Weiss Ratings initiated coverage on shares of Kyivstar Group in a research report on Tuesday. They set a “hold (c)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Kyivstar Group Price Performance

Shares of NASDAQ:KYIV opened at $10.10 on Friday. The firm has a fifty day moving average price of $11.97. The company has a market cap of $2.33 billion and a P/E ratio of 14.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.39. Kyivstar Group has a one year low of $9.99 and a one year high of $16.48.

Kyivstar Group (NASDAQ:KYIV) last released its quarterly earnings results on Friday, March 13th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. The firm had revenue of $321.00 million during the quarter, compared to the consensus estimate of $302.65 million.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Polar Asset Management Partners Inc. purchased a new stake in Kyivstar Group during the third quarter valued at about $3,105,000. Cantor Fitzgerald L. P. purchased a new position in shares of Kyivstar Group in the third quarter worth about $250,000. SG Americas Securities LLC purchased a new position in shares of Kyivstar Group in the fourth quarter worth about $279,000. UBS Group AG increased its holdings in shares of Kyivstar Group by 27.9% in the fourth quarter. UBS Group AG now owns 751,322 shares of the company’s stock worth $9,752,000 after buying an additional 164,113 shares during the period. Finally, Oppenheimer & Co. Inc. lifted 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 acquiring an additional 15,587 shares during the last quarter.

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.