Kyivstar Group (NASDAQ:KYIV) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Kyivstar Group (NASDAQ:KYIV) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.6250.

Several equities research analysts have weighed in on KYIV shares. Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Benchmark started coverage on shares of Kyivstar Group in a research note on Friday, March 27th. They issued a “buy” rating and a $20.00 target price for the company. Barclays started coverage on shares of Kyivstar Group in a research note on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 target price for the company. Weiss Ratings upgraded shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Morgan Stanley began coverage on shares of Kyivstar Group in a research note on Friday. They issued an “equal weight” rating and a $17.00 target price for the company.

Institutional Investors Weigh In On Kyivstar Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Kyivstar Group during the fourth quarter worth $54,000. Rangeley Capital LLC acquired a new stake in shares of Kyivstar Group during the first quarter worth $101,000. Quadrature Capital Ltd acquired a new stake in shares of Kyivstar Group during the fourth quarter worth $133,000. Goldman Sachs Group Inc. acquired a new stake in shares of Kyivstar Group during the fourth quarter worth $249,000. Finally, Cantor Fitzgerald L. P. acquired a new stake in shares of Kyivstar Group during the third quarter worth $250,000.

Kyivstar Group Stock Up 1.2%

Shares of KYIV opened at $13.94 on Friday. The firm has a market capitalization of $3.22 billion and a P/E ratio of 13.03. Kyivstar Group has a twelve month low of $9.29 and a twelve month high of $16.48. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $12.35.

Kyivstar Group (NASDAQ:KYIV) last announced its earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The firm had revenue of $323.00 million during the quarter. On average, sell-side analysts expect that Kyivstar Group will post 1.43 EPS for the current year.

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.