Kyivstar Group (NASDAQ:KYIV) Shares Gap Down – What’s Next?

Kyivstar Group (NASDAQ:KYIV) gapped down before the market opened on Wednesday . The stock had previously closed at $12.59, but opened at $11.95. Kyivstar Group shares last traded at $12.31, with a volume of 869,138 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on KYIV. Cantor Fitzgerald restated an “overweight” rating and issued a $17.00 price objective on shares of Kyivstar Group in a research report on Wednesday, December 24th. Wall Street Zen raised Kyivstar Group from a “hold” rating to a “buy” rating in a report on Thursday, January 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $17.00.

Kyivstar Group Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $2.62 billion and a price-to-earnings ratio of 34.39.

Institutional Investors Weigh In On Kyivstar Group

Several institutional investors have recently made changes to their positions in the company. UBS Group AG grew its holdings in shares of 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 last quarter. SG Americas Securities LLC purchased a new stake in Kyivstar Group in the 4th quarter valued at about $279,000. Cantor Fitzgerald L. P. bought a new position in Kyivstar Group in the 3rd quarter worth about $250,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Kyivstar Group during the third quarter worth approximately $3,105,000.

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.