Kyivstar Group (NASDAQ:KYIV) Receives Average Recommendation of “Moderate Buy” from Analysts

Kyivstar Group (NASDAQ:KYIV) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.6250.

A number of research analysts recently issued reports on the company. Morgan Stanley assumed coverage on 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. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a research report on Monday, June 15th. Benchmark reiterated a “buy” rating on shares of Kyivstar Group in a research note on Tuesday, August 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kyivstar Group in a report on Wednesday, August 5th.

Kyivstar Group Stock Performance

Shares of NASDAQ KYIV opened at $13.61 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average price is $13.86 and its two-hundred day moving average price is $13.03. Kyivstar Group has a 52-week low of $9.29 and a 52-week high of $16.55. The stock has a market capitalization of $3.14 billion and a P/E ratio of 20.62.

Kyivstar Group (NASDAQ:KYIV) last posted its earnings results on Friday, July 31st. The company reported $0.33 EPS 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 net margin of 12.73% and a return on equity of 24.71%. As a group, sell-side analysts forecast that Kyivstar Group will post 1.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KYIV. Renaissance Technologies LLC bought a new position in Kyivstar Group in the 1st quarter worth about $820,000. Maven Securities LTD bought a new stake in shares of Kyivstar Group during the fourth quarter valued at approximately $607,000. UBS Group AG boosted its position in shares of Kyivstar Group by 27.9% during the fourth quarter. UBS Group AG now owns 751,322 shares of the company’s stock worth $9,752,000 after buying an additional 164,113 shares during the period. Yorkville Advisors Global LP bought a new position in Kyivstar Group in the 1st quarter worth approximately $551,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Kyivstar Group in the 4th quarter worth approximately $54,000.

Kyivstar Group Company Profile

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.