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TSLA   1,495.12 (-3.29%)
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T   30.24 (+0.77%)
ACB   12.20 (-5.21%)
F   6.80 (+0.89%)
GILD   76.08 (-0.74%)
DIS   119.12 (-1.47%)
NFLX   517.96 (-1.01%)
BAC   24.02 (-2.36%)
BA   181.26 (-3.55%)
S&P 500   3,204.52 (-0.68%)
DOW   26,727.10 (-0.53%)
QQQ   257.34 (-1.36%)
AAPL   383.99 (-1.77%)
MSFT   203.39 (-2.24%)
FB   238.20 (-0.87%)
GOOGL   1,498.79 (-1.19%)
AMZN   2,957.05 (-1.72%)
NVDA   402.50 (-1.61%)
CGC   17.83 (-1.76%)
BABA   242.63 (-2.64%)
MU   49.96 (-1.09%)
GE   7.11 (-0.42%)
TSLA   1,495.12 (-3.29%)
AMD   54.28 (-1.92%)
T   30.24 (+0.77%)
ACB   12.20 (-5.21%)
F   6.80 (+0.89%)
GILD   76.08 (-0.74%)
DIS   119.12 (-1.47%)
NFLX   517.96 (-1.01%)
BAC   24.02 (-2.36%)
BA   181.26 (-3.55%)
S&P 500   3,204.52 (-0.68%)
DOW   26,727.10 (-0.53%)
QQQ   257.34 (-1.36%)
AAPL   383.99 (-1.77%)
MSFT   203.39 (-2.24%)
FB   238.20 (-0.87%)
GOOGL   1,498.79 (-1.19%)
AMZN   2,957.05 (-1.72%)
NVDA   402.50 (-1.61%)
CGC   17.83 (-1.76%)
BABA   242.63 (-2.64%)
MU   49.96 (-1.09%)
GE   7.11 (-0.42%)
TSLA   1,495.12 (-3.29%)
AMD   54.28 (-1.92%)
T   30.24 (+0.77%)
ACB   12.20 (-5.21%)
F   6.80 (+0.89%)
GILD   76.08 (-0.74%)
DIS   119.12 (-1.47%)
NFLX   517.96 (-1.01%)
BAC   24.02 (-2.36%)
BA   181.26 (-3.55%)
S&P 500   3,204.52 (-0.68%)
DOW   26,727.10 (-0.53%)
QQQ   257.34 (-1.36%)
AAPL   383.99 (-1.77%)
MSFT   203.39 (-2.24%)
FB   238.20 (-0.87%)
GOOGL   1,498.79 (-1.19%)
AMZN   2,957.05 (-1.72%)
NVDA   402.50 (-1.61%)
CGC   17.83 (-1.76%)
BABA   242.63 (-2.64%)
MU   49.96 (-1.09%)
GE   7.11 (-0.42%)
TSLA   1,495.12 (-3.29%)
AMD   54.28 (-1.92%)
T   30.24 (+0.77%)
ACB   12.20 (-5.21%)
F   6.80 (+0.89%)
GILD   76.08 (-0.74%)
DIS   119.12 (-1.47%)
NFLX   517.96 (-1.01%)
BAC   24.02 (-2.36%)
BA   181.26 (-3.55%)
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Zacks Investment Research Upgrades Qiwi (NASDAQ:QIWI) to Strong-Buy

Last updated on Wednesday, July 15th, 2020 by MarketBeat

Qiwi (NASDAQ:QIWI) was upgraded by Zacks Investment Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Wednesday, Zacks.com reports. The firm currently has a $21.00 price objective on the credit services provider's stock. Zacks Investment Research's price target indicates a potential upside of 16.73% from the company's previous close.

According to Zacks, "QIWI plc operates as a provider of next generation payment services primarily in Russia and the CIS. The Company has an integrated network that enables payment services across physical, online and mobile channels. It enables merchants to accept cash and electronic payments from virtual wallets, and operates cash-collecting terminals and kiosks. QIWI plc is based in Moscow, the Russian Federation. "

Other research analysts have also recently issued reports about the company. BidaskClub upgraded Qiwi from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. ValuEngine upgraded Qiwi from a "strong sell" rating to a "sell" rating in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. lifted their price target on Qiwi from $19.00 to $25.00 and gave the company an "overweight" rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. The company has an average rating of "Buy" and a consensus price target of $24.33.

Shares of NASDAQ:QIWI opened at $17.99 on Wednesday. Qiwi has a 52-week low of $8.62 and a 52-week high of $25.25. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 14.75 and a beta of 1.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $16.00 and a 200-day moving average price of $15.73.

Qiwi (NASDAQ:QIWI) last announced its quarterly earnings data on Wednesday, May 20th. The credit services provider reported $28.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $34.48 by ($6.36). Qiwi had a return on equity of 24.62% and a net margin of 12.39%. The firm had revenue of $80.50 million during the quarter, compared to analysts' expectations of $72.30 million. As a group, equities analysts anticipate that Qiwi will post 1.77 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in Qiwi by 14.4% during the second quarter. Envestnet Asset Management Inc. now owns 34,436 shares of the credit services provider's stock valued at $596,000 after acquiring an additional 4,325 shares in the last quarter. State Street Corp increased its position in shares of Qiwi by 90.8% in the first quarter. State Street Corp now owns 98,048 shares of the credit services provider's stock valued at $1,050,000 after buying an additional 46,655 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in shares of Qiwi in the first quarter valued at approximately $85,000. Jane Street Group LLC purchased a new stake in shares of Qiwi in the first quarter valued at approximately $1,354,000. Finally, Morgan Stanley increased its position in shares of Qiwi by 78.2% in the first quarter. Morgan Stanley now owns 30,181 shares of the credit services provider's stock valued at $322,000 after buying an additional 13,243 shares in the last quarter. Institutional investors own 29.72% of the company's stock.

About Qiwi

Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

6 Stocks That Will Benefit From a Dovish Federal Reserve

The quaint correction that was labeled the “tech wreck” of 2018 seems like a distant memory to investors. What also seems like a distant memory is any thought of the Federal Reserve raising interest rates.

At the end of 2018, the Federal Reserve had raised its benchmark federal funds rate. With the trade dispute with China dragging on, there was increasing pressure on the Fed to lower interest rates. When interest rates are lower, stocks will generally rise as investors have no other option for growth.

In July 2019, the doves got their wish. But in a move that now seems to be a “what did they know move”, the Fed dropped rates again in October. The market soared to record highs in January and early February. Since mid-February however, the market has fallen dramatically, and the Fed juiced the market one more time by cutting rates down to levels not seen since the financial crisis.

None of us know for sure when the U.S. economy will be opened up. And while stocks are still a good investment, not every stock is a smart investment at this time. But some stocks perform well when interest rates are falling and that’s why we’ve prepared this presentation.

These six stocks stand to benefit from both low-interest rates and the unique economic conditions being brought on by the Covid-19 pandemic.

View the "6 Stocks That Will Benefit From a Dovish Federal Reserve".

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