Kyivstar Group (NASDAQ:KYIV) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Kyivstar Group from “buy” to “hold.” Overall analyst sentiment remains “Moderate Buy,” with three Buy ratings and two Hold ratings and a consensus price target of $16.62.
• Kyivstar shares were down 3.6% and opened at $12.47; the stock’s 52-week range is $9.29 to $16.55.
• The company reported quarterly earnings per share of $0.36, matching analysts’ consensus estimate, on revenue of $349 million.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Other analysts also recently issued reports about the company. Weiss Ratings restated a "hold (c)" rating on shares of Kyivstar Group in a research note on Tuesday, November 3rd. Benchmark reaffirmed a "buy" rating on shares of Kyivstar Group in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.62.

Kyivstar Group Stock Down 3.6%

Shares of Kyivstar Group stock opened at $12.47 on Friday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.48 and a beta of 2.03. Kyivstar Group has a one year low of $9.29 and a one year high of $16.55. The stock's 50-day moving average is $12.97 and its 200 day moving average is $12.91. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.45 and a quick ratio of 1.25.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Kyivstar Group had a net margin of 26.35% and a return on equity of 25.50%. The firm had revenue of $349.00 million during the quarter. Equities research analysts anticipate that Kyivstar Group will post 1.46 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Marshall Wace LLP lifted its holdings in shares of Kyivstar Group by 133.6% in the third quarter. Marshall Wace LLP now owns 1,454,045 shares of the company's stock valued at $17,943,000 after purchasing an additional 831,726 shares in the last quarter. State Street Corp bought a new stake in shares of Kyivstar Group in the 2nd quarter worth $1,962,000. Renaissance Technologies LLC bought a new stake in shares of Kyivstar Group in the 1st quarter worth $820,000. Yorkville Advisors Global LP purchased a new stake in shares of Kyivstar Group in the first quarter valued at about $551,000. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Kyivstar Group during the third quarter valued at about $542,000.

Kyivstar Group Company Profile

Kyivstar Group is a Ukrainian telecommunications and digital services company centered on Kyivstar, one of the country's major communications providers. Its services include mobile voice and data, fixed-line internet, and digital television for consumers, as well as connectivity and technology solutions for businesses. Kyivstar also offers digital services in areas such as entertainment, healthcare, cloud computing, and cybersecurity. Its portfolio includes Kyivstar TV and Helsi, a digital health platform used to access healthcare services in Ukraine.

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