Wall Street Zen Downgrades Kyivstar Group (NASDAQ:KYIV) to Buy

Key Points

• Wall Street Zen downgraded Kyivstar (NASDAQ:KYIV) from a "strong-buy" to a "buy", while analyst consensus remains a Moderate Buy with an average target price of $16.50.
• Kyivstar recently beat quarterly estimates with EPS of $0.37 versus $0.31 and revenue of $321M versus $302.65M, and its shares trade around $11.52 (52‑week range $9.29–$16.48) with a market cap of $2.66B.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

KYIV has been the topic of several other reports. Weiss Ratings initiated coverage on shares of Kyivstar Group in a report on Tuesday, March 17th. They issued a "hold (c)" rating on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $17.00 price objective on shares of Kyivstar Group in a report on Wednesday, December 24th. Benchmark began coverage on Kyivstar Group in a report on Friday, March 27th. They set a "buy" rating and a $20.00 target price on the stock. Finally, Barclays began coverage on Kyivstar Group in a research report on Wednesday. They set an "overweight" rating and a $12.50 target price for the company. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.50.

Kyivstar Group Price Performance

Shares of NASDAQ KYIV opened at $11.52 on Friday. The firm has a 50 day simple moving average of $11.39. Kyivstar Group has a fifty-two week low of $9.29 and a fifty-two week high of $16.48. The firm has a market capitalization of $2.66 billion and a price-to-earnings ratio of 16.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.39 and a quick ratio of 1.38.

Kyivstar Group (NASDAQ:KYIV - Get Free Report) last announced its quarterly earnings data on Friday, March 13th. The company reported $0.37 earnings per share 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 analyst estimates of $302.65 million.

Institutional Investors Weigh In On Kyivstar Group

Several hedge funds have recently bought and sold shares of the company. Pertento Partners LLP acquired a new stake in Kyivstar Group in the fourth quarter worth $23,456,000. UBS Group AG raised its holdings in Kyivstar Group by 27.9% in the fourth quarter. UBS Group AG now owns 751,322 shares of the company's stock worth $9,752,000 after purchasing an additional 164,113 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in Kyivstar Group in the third quarter worth $3,105,000. Millennium Management LLC raised its holdings in Kyivstar Group by 24.6% in the fourth quarter. Millennium Management LLC now owns 127,555 shares of the company's stock worth $1,656,000 after purchasing an additional 25,199 shares during the period. Finally, Quinn Opportunity Partners LLC raised its holdings in Kyivstar Group by 59.6% in the fourth quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company's stock worth $1,040,000 after purchasing an additional 29,900 shares during the period.

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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