Kyivstar Group (NASDAQ:KYIV) Given Average Rating of “Moderate Buy” by Brokerages

Kyivstar Group (NASDAQ:KYIV) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $16.6250.

Several equities research analysts have weighed in on the company. Morgan Stanley assumed coverage on Kyivstar Group in a report on Friday, June 5th. They issued an “equal weight” rating and a $17.00 price objective for the company. Benchmark reissued a “buy” rating on shares of Kyivstar Group in a research report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Kyivstar Group in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Monday, June 15th.

Institutional Investors Weigh In On Kyivstar Group

A number of large investors have recently added to or reduced their stakes in the stock. Pertento Partners LLP bought a new stake in shares of Kyivstar Group in the fourth quarter worth $23,456,000. UBS Group AG raised its stake in Kyivstar Group by 27.9% during the 4th quarter. UBS Group AG now owns 751,322 shares of the company’s stock worth $9,752,000 after acquiring an additional 164,113 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Kyivstar Group during the 1st quarter valued at $820,000. Yorkville Advisors Global LP bought a new position in shares of Kyivstar Group in the first quarter worth about $551,000. Finally, Maven Securities LTD purchased a new position in Kyivstar Group in the 4th quarter worth approximately $607,000.

Kyivstar Group Trading Down 1.7%

NASDAQ KYIV opened at $12.90 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. Kyivstar Group has a 1-year low of $9.29 and a 1-year high of $16.55. The stock has a 50-day moving average of $14.21 and a 200-day moving average of $12.87. The firm has a market cap of $2.98 billion and a PE ratio of 19.55.

Kyivstar Group (NASDAQ:KYIV) last issued its earnings results on Friday, July 31st. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.02). The firm had revenue of $334.66 million during the quarter. Kyivstar Group had a return on equity of 24.71% and a net margin of 12.73%. As a group, sell-side analysts forecast that Kyivstar Group will post 1.42 EPS for the current year.

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.