Kyivstar Group (NASDAQ:KYIV) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Kyivstar Group (NASDAQ:KYIV) from a hold rating to a buy rating in a research report released on Saturday morning.

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $17.00 price objective on shares of Kyivstar Group in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Kyivstar Group has a consensus rating of “Buy” and a consensus price target of $17.00.

Kyivstar Group Stock Performance

NASDAQ KYIV opened at $11.88 on Friday. The company has a market cap of $2.74 billion and a P/E ratio of 36.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $12.37. Kyivstar Group has a fifty-two week low of $10.16 and a fifty-two week high of $16.48.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new position in Kyivstar Group during the fourth quarter worth $133,000. Millennium Management LLC grew its position in shares of Kyivstar Group by 24.6% in the fourth quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock valued at $1,656,000 after purchasing an additional 25,199 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Kyivstar Group in the fourth quarter valued at about $591,000. Maven Securities LTD purchased a new stake in shares of Kyivstar Group during the fourth quarter worth about $607,000. Finally, Quinn Opportunity Partners LLC raised its position in shares of Kyivstar Group by 59.6% during the 4th 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 last quarter.

Kyivstar Group Company Profile

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.