Kyivstar Group (NASDAQ:KYIV) Shares Gap Up – What’s Next?

Shares of Kyivstar Group (NASDAQ:KYIV) gapped up prior to trading on Friday . The stock had previously closed at $10.90, but opened at $11.87. Kyivstar Group shares last traded at $11.5450, with a volume of 743,502 shares traded.

Wall Street Analysts Forecast Growth

KYIV has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Kyivstar Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings assumed coverage on shares of Kyivstar Group in a research note on Tuesday, March 17th. They issued a “hold (c)” rating on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $17.00 target price on shares of Kyivstar Group in a research note on Wednesday, December 24th. Barclays assumed coverage on shares of Kyivstar Group in a research note on Wednesday. They issued an “overweight” rating and a $12.50 target price on the stock. Finally, Benchmark assumed coverage on shares of Kyivstar Group in a research note on Friday, March 27th. They issued a “buy” rating and a $20.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Kyivstar Group Price Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.39 and a quick ratio of 1.38. The company has a market cap of $2.66 billion and a PE ratio of 16.46. The business’s 50 day moving average price is $11.39.

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

Institutional Trading of Kyivstar Group

A number of institutional investors have recently modified their holdings of the business. Pertento Partners LLP purchased a new stake in shares of Kyivstar Group during the 4th quarter valued at approximately $23,456,000. UBS Group AG lifted its stake 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 in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Kyivstar Group during the 3rd quarter valued at approximately $3,105,000. Millennium Management LLC lifted its stake in shares of Kyivstar Group by 24.6% during the 4th quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock valued at $1,656,000 after buying an additional 25,199 shares in the last quarter. Finally, Quinn Opportunity Partners LLC lifted its stake in shares of Kyivstar Group by 59.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock valued at $1,040,000 after buying an additional 29,900 shares in 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.