Stock Traders Buy Large Volume of Kyivstar Group Call Options (NASDAQ:KYIV)

Key Points

• Kyivstar Group call-option activity surged: Traders bought 5,017 call options, roughly 665% above the average volume of 656.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $16.62, compared with Morgan Stanley’s $17 target.
• KYIV shares fell 2.6% to $12.71 on Monday. The company’s latest earnings missed estimates, reporting $0.33 in adjusted earnings per share versus the $0.35 consensus, while several institutional investors established new positions.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) saw unusually large options trading on Monday. Stock traders acquired 5,017 call options on the company. This is an increase of approximately 665% compared to the average volume of 656 call options.

Analysts Set New Price Targets

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

Institutional Trading of Kyivstar Group

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp acquired a new position in Kyivstar Group during the second quarter worth $1,962,000. WINTON GROUP Ltd acquired a new stake in shares of Kyivstar Group in the second quarter valued at $163,000. Rangeley Capital LLC purchased a new stake in shares of Kyivstar Group in the 1st quarter valued at $101,000. Renaissance Technologies LLC acquired a new position in Kyivstar Group during the 1st quarter worth about $820,000. Finally, Yorkville Advisors Global LP purchased a new position in Kyivstar Group during the 1st quarter valued at about $551,000.

Kyivstar Group Trading Down 2.6%

KYIV traded down $0.34 on Monday, hitting $12.71. The company had a trading volume of 296,039 shares, compared to its average volume of 654,426. The company's fifty day moving average price is $13.46 and its 200 day moving average price is $13.13. Kyivstar Group has a 1 year low of $9.29 and a 1 year high of $16.55. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.95 billion and a P/E ratio of 19.27.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). The company had revenue of $334.66 million for the quarter. Kyivstar Group had a return on equity of 24.71% and a net margin of 12.73%. As a group, equities analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.