Kyivstar Group (NASDAQ:KYIV) Sees Unusually-High Trading Volume – Here’s Why

Kyivstar Group (NASDAQ:KYIV) shares saw unusually-strong trading volume on Friday . Approximately 2,563,162 shares changed hands during trading, an increase of 299% from the previous session’s volume of 642,696 shares.The stock last traded at $11.08 and had previously closed at $12.05.

Wall Street Analysts Forecast Growth

KYIV has been the subject of a number of research reports. Wall Street Zen raised shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 1st. Cantor Fitzgerald reiterated an “overweight” rating and set a $17.00 price objective on shares of Kyivstar Group in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Kyivstar Group presently has an average rating of “Buy” and a consensus target price of $17.00.

Kyivstar Group Trading Down 6.6%

The firm has a market cap of $2.60 billion and a P/E ratio of 34.09. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.40 and a quick ratio of 1.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG increased its position in 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 last quarter. SG Americas Securities LLC bought a new position in shares of Kyivstar Group during the 4th quarter worth about $279,000. Polar Asset Management Partners Inc. acquired a new stake in Kyivstar Group during the third quarter valued at approximately $3,105,000. Finally, Cantor Fitzgerald L. P. acquired a new stake in Kyivstar Group in the 3rd quarter valued at $250,000.

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.