Benchmark Initiates Coverage on Kyivstar Group (NASDAQ:KYIV)

Benchmark started coverage on shares of Kyivstar Group (NASDAQ:KYIV) in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm set a “buy” rating and a $20.00 price target on the stock. Benchmark’s price objective suggests a potential upside of 99.00% from the company’s previous close.

KYIV has been the topic of a number of other research reports. Weiss Ratings assumed coverage on Kyivstar Group in a research note on Tuesday, March 17th. They set a “hold (c)” rating on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $17.00 price target on shares of Kyivstar Group in a report on Wednesday, December 24th. Finally, Wall Street Zen raised shares of Kyivstar Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

Kyivstar Group Price Performance

Shares of KYIV opened at $10.05 on Friday. The company has a market cap of $2.32 billion and a P/E ratio of 14.36. The company has a 50-day moving average price of $11.78. Kyivstar Group has a one year low of $9.99 and a one year high of $16.48. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

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

Institutional Trading of Kyivstar Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Kyivstar Group in the fourth quarter worth $54,000. Quadrature Capital Ltd purchased a new stake in shares of Kyivstar Group during the 4th quarter valued at about $133,000. Goldman Sachs Group Inc. purchased a new position in Kyivstar Group in the fourth quarter worth about $249,000. Cantor Fitzgerald L. P. purchased a new stake in Kyivstar Group during the third quarter valued at approximately $250,000. Finally, SG Americas Securities LLC purchased a new position in shares of Kyivstar Group during the 4th quarter valued at about $279,000.

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.