Kyivstar Group (NASDAQ:KYIV) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Kyivstar Group (NASDAQ:KYIV) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $12.91 and traded as high as $13.29. Kyivstar Group shares last traded at $13.06, with a volume of 420,404 shares trading hands.

Analyst Ratings Changes

KYIV has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating on shares of Kyivstar Group in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyivstar Group in a report on Tuesday, November 3rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.62.

Kyivstar Group Price Performance

The company has a current ratio of 1.45, a quick ratio of 1.25 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.89 billion, a P/E ratio of 8.72, a P/E/G ratio of 1.50 and a beta of 2.03. The company has a 50 day moving average price of $13.01 and a 200 day moving average price of $12.91.

Kyivstar Group (NASDAQ:KYIV) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Kyivstar Group had a return on equity of 25.50% and a net margin of 26.35%. The business had revenue of $349.00 million for the quarter. On average, equities analysts predict that Kyivstar Group will post 1.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Kyivstar Group

Large investors have recently modified their holdings of the stock. Rangeley Capital LLC bought a new position in Kyivstar Group in the 1st quarter valued at about $101,000. WINTON GROUP Ltd acquired a new stake in Kyivstar Group during the second quarter worth approximately $163,000. Oppenheimer & Co. Inc. bought a new stake in shares of Kyivstar Group during the third quarter worth approximately $542,000. Yorkville Advisors Global LP bought a new stake in shares of Kyivstar Group during the first quarter worth approximately $551,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Kyivstar Group during the first quarter worth approximately $820,000.

About Kyivstar Group

Kyivstar Group is a Ukrainian telecommunications and digital services company centered on Kyivstar, one of the country’s major communications providers. Its services include mobile voice and data, fixed-line internet, and digital television for consumers, as well as connectivity and technology solutions for businesses. Kyivstar also offers digital services in areas such as entertainment, healthcare, cloud computing, and cybersecurity. Its portfolio includes Kyivstar TV and Helsi, a digital health platform used to access healthcare services in Ukraine.