Kyivstar Group (NASDAQ:KYIV) Shares Gap Up - Time to Buy?

Key Points

• KYIV gapped up — the stock opened at $11.87 after a $10.90 close and was trading roughly 5% higher on heavy volume (last $11.5450, volume ~743,500).
• Analyst sentiment is broadly positive — three Buys and one Hold give an average "Moderate Buy" rating with an average target of $16.50 and individual targets ranging roughly $12.50 to $20.00.
• Company fundamentals and results strengthened the case — the most recent quarter beat estimates (EPS $0.37 vs $0.31, revenue $321M vs $302.65M) and Kyivstar trades with a market cap around $2.64B and a P/E of 16.36.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings assumed coverage on Kyivstar Group in a report on Tuesday, March 17th. They issued a "hold (c)" rating for the company. Wall Street Zen raised Kyivstar Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 21st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $17.00 price objective on shares of Kyivstar Group in a report on Wednesday, December 24th. Benchmark assumed coverage on Kyivstar Group in a report on Friday, March 27th. They issued a "buy" rating and a $20.00 price objective for the company. Finally, Barclays assumed coverage on Kyivstar Group in a report on Wednesday. They issued an "overweight" rating and a $12.50 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Kyivstar Group has an average rating of "Moderate Buy" and an average target price of $16.50.

Kyivstar Group Trading Up 5.1%

The firm's 50 day simple moving average is $11.38. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The firm has a market cap of $2.64 billion and a P/E ratio of 16.36.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) last issued its quarterly earnings results on Friday, March 13th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $321.00 million during the quarter, compared to the consensus estimate of $302.65 million.

Hedge Funds Weigh In On Kyivstar Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Polar Asset Management Partners Inc. bought a new position in shares of Kyivstar Group in the 3rd quarter valued at $3,105,000. Pertento Partners LLP bought a new stake in Kyivstar Group during the 4th quarter worth $23,456,000. Millennium Management LLC grew its position in Kyivstar Group by 24.6% during the 4th quarter. Millennium Management LLC now owns 127,555 shares of the company's stock worth $1,656,000 after acquiring an additional 25,199 shares during the last quarter. Quinn Opportunity Partners LLC grew its position in Kyivstar Group by 59.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company's stock worth $1,040,000 after acquiring an additional 29,900 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Kyivstar Group during the 4th quarter worth $591,000.

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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