Kyivstar Group (NASDAQ:KYIV) Coverage Initiated by Analysts at Barclays

Key Points

• Barclays initiated coverage on Kyivstar Group with an "overweight" rating and a $12.50 price target, implying about a 15.5% upside from the stock's prior close.
• Analyst consensus is a Moderate Buy (three Buy, one Hold) with an average target of $16.50, while other firms have set higher targets (Cantor Fitzgerald $17, Benchmark $20).
• Kyivstar recently beat quarterly expectations — $0.37 EPS vs. $0.31 expected and $321M revenue vs. $302.65M expected — and trades with a market cap of ~$2.5B and a PE of 15.52.

Barclays started coverage on shares of Kyivstar Group (NASDAQ:KYIV - Get Free Report) in a research report issued on Wednesday, Marketbeat reports. The brokerage set an "overweight" rating and a $12.50 price target on the stock. Barclays's price objective indicates a potential upside of 15.49% from the company's previous close.

A number of other research firms have also weighed in on KYIV. Wall Street Zen raised Kyivstar Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. Cantor Fitzgerald reissued an "overweight" rating and set a $17.00 price objective on shares of Kyivstar Group in a research note on Wednesday, December 24th. Weiss Ratings assumed coverage on Kyivstar Group in a research note on Tuesday, March 17th. They set a "hold (c)" rating for the company. Finally, Benchmark assumed coverage on Kyivstar Group in a research note on Friday, March 27th. They set a "buy" rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Kyivstar Group presently has an average rating of "Moderate Buy" and an average target price of $16.50.

Kyivstar Group Price Performance

Shares of NASDAQ KYIV opened at $10.82 on Wednesday. Kyivstar Group has a one year low of $9.29 and a one year high of $16.48. 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's 50 day simple moving average is $11.44. The company has a market capitalization of $2.50 billion and a PE ratio of 15.52.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $302.65 million.

Institutional Trading of Kyivstar Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KYIV. 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 Kyivstar Group in the fourth quarter worth $133,000. Goldman Sachs Group Inc. purchased a new stake in Kyivstar Group in the fourth quarter worth $249,000. Cantor Fitzgerald L. P. purchased a new stake in Kyivstar Group in the third quarter worth $250,000. Finally, SG Americas Securities LLC purchased a new stake in Kyivstar Group in the fourth quarter worth $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.

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