Analysts Set Kyivstar Group (NASDAQ:KYIV) Target Price at $16.62

Kyivstar Group (NASDAQ:KYIV) has been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.6250.

A number of analysts have recently weighed in on KYIV shares. Weiss Ratings raised Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Barclays started coverage on Kyivstar Group in a research report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 target price on the stock. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a report on Monday, June 15th. Finally, Morgan Stanley initiated coverage on Kyivstar Group in a research note on Friday, June 5th. They set an “equal weight” rating and a $17.00 price target on the stock.

Kyivstar Group Trading Up 1.9%

NASDAQ:KYIV opened at $13.65 on Friday. The stock has a market capitalization of $3.15 billion and a price-to-earnings ratio of 12.76. Kyivstar Group has a 52 week low of $9.29 and a 52 week high of $16.55. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $14.43 and a 200 day moving average of $12.76.

Kyivstar Group (NASDAQ:KYIV) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. The firm had revenue of $323.00 million during the quarter. As a group, sell-side analysts anticipate that Kyivstar Group will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of Kyivstar Group

Institutional investors have recently bought and sold shares of the stock. Pertento Partners LLP acquired a new position in 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 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. Millennium Management LLC grew its holdings in shares of Kyivstar Group by 24.6% during the fourth 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 during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Kyivstar Group during the first quarter valued at $820,000. Finally, Quinn Opportunity Partners LLC increased its position in shares of Kyivstar Group by 59.6% in the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock valued at $1,040,000 after acquiring an additional 29,900 shares during the period.

Kyivstar Group Company Profile

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.