Kyivstar Group (NASDAQ:KYIV) Shares Up 0.8% - What's Next?

Key Points

• Kyivstar Group shares rose about 0.8% intraday, trading as high as $12.73 and last at $12.39 on volume of 788,669 shares — roughly 60% above the average session volume.
• Analyst activity shows three Buys and one Hold, giving a consensus rating of “Moderate Buy” with an average price target of $16.50; recent coverage includes Barclays (overweight, $12.50) and Benchmark (buy, $20).
• Fundamentals and recent results are solid: market cap ~$2.86B and P/E 17.7, with Q results beating estimates (EPS $0.37 vs. $0.31 expected; revenue $321M vs. $302.65M) and analysts forecasting ~1.38 EPS for the year.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) shot up 0.8% during mid-day trading on Monday . The stock traded as high as $12.73 and last traded at $12.39. 788,669 shares were traded during trading, an increase of 60% from the average session volume of 491,575 shares. The stock had previously closed at $12.29.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KYIV. Wall Street Zen cut Kyivstar Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 11th. Barclays assumed coverage on Kyivstar Group in a report on Wednesday, April 8th. They issued an "overweight" rating and a $12.50 price target on the stock. Benchmark assumed coverage on Kyivstar Group in a report on Friday, March 27th. They issued a "buy" rating and a $20.00 price target on the stock. Finally, Weiss Ratings assumed coverage on Kyivstar Group in a report on Tuesday, March 17th. They issued a "hold (c)" rating on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.50.

Kyivstar Group Stock Performance

The stock has a market cap of $2.86 billion and a price-to-earnings ratio of 17.70. 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 fifty day moving average of $11.22.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) last released its quarterly earnings results on Friday, March 13th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $302.65 million. On average, equities research analysts forecast that Kyivstar Group will post 1.38 earnings per share for the current year.

Institutional Investors Weigh In On Kyivstar Group

Institutional investors and hedge funds have recently modified their holdings of the company. Pertento Partners LLP acquired a new stake in Kyivstar Group during the 4th quarter valued at $23,456,000. Polar Asset Management Partners Inc. acquired a new stake in Kyivstar Group during the 3rd quarter valued at $3,105,000. UBS Group AG grew its holdings in Kyivstar Group by 27.9% during the 4th quarter. UBS Group AG now owns 751,322 shares of the company's stock valued at $9,752,000 after buying an additional 164,113 shares during the last quarter. Maven Securities LTD acquired a new stake in Kyivstar Group during the 4th quarter valued at $607,000. Finally, Verition Fund Management LLC acquired a new stake in Kyivstar Group during the 4th quarter valued at $591,000.

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.

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