121,350 Shares of Kyivstar Group $KYIV Acquired by State Street Corp

Key Points

• State Street acquired 121,350 Kyivstar Group shares in the second quarter, valued at approximately $1.96 million, giving it a 0.05% stake. Several other institutional investors also initiated positions.
• Analyst sentiment is generally positive: Kyivstar has a “Moderate Buy” consensus rating from three Buy and two Hold recommendations, with an average price target of $16.62 versus the stock’s $13.05 opening price.
• Kyivstar reported quarterly EPS of $0.33, below the $0.35 consensus estimate, on revenue of $334.66 million. The company’s stock has traded between $9.29 and $16.55 over the past year.

State Street Corp acquired a new stake in shares of Kyivstar Group (NASDAQ:KYIV - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 121,350 shares of the company's stock, valued at approximately $1,962,000. State Street Corp owned approximately 0.05% of Kyivstar Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of KYIV. WINTON GROUP Ltd bought a new stake in shares of Kyivstar Group during the second quarter valued at approximately $163,000. Rangeley Capital LLC bought a new position in Kyivstar Group in the 1st quarter valued at approximately $101,000. Renaissance Technologies LLC purchased a new stake in Kyivstar Group during the 1st quarter valued at $820,000. Yorkville Advisors Global LP purchased a new stake in Kyivstar Group during the 1st quarter valued at $551,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Kyivstar Group in the 4th quarter worth $54,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen upgraded Kyivstar Group from a "hold" rating to a "buy" rating in a research note on Monday, June 15th. Benchmark reaffirmed a "buy" rating on shares of Kyivstar Group in a research report on Tuesday, August 4th. Morgan Stanley assumed coverage on Kyivstar Group in a report on Friday, June 5th. They issued an "equal weight" rating and a $17.00 price objective for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Kyivstar Group in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.62.

Kyivstar Group Price Performance

NASDAQ KYIV opened at $13.05 on Friday. The stock has a market capitalization of $3.03 billion and a price-to-earnings ratio of 19.77. Kyivstar Group has a 1-year low of $9.29 and a 1-year high of $16.55. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.26 and a quick ratio of 1.25. The business's fifty day moving average price is $13.46 and its 200-day moving average price is $13.12.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $334.66 million during the quarter. Kyivstar Group had a return on equity of 24.71% and a net margin of 12.73%. On average, equities analysts predict that Kyivstar Group will post 1.42 earnings per share for the current year.

About Kyivstar Group

Kyivstar Group Ltd. is a telecommunications and digital services company whose principal operating business is Kyivstar, one of Ukraine's leading communications providers. The company offers mobile voice and data services, fixed-line broadband, internet connectivity and related digital communications products for consumers, businesses and public-sector organizations.

Kyivstar also provides enterprise solutions, including connectivity, cloud and digital services, cybersecurity-related offerings and communications tools designed to support businesses.

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