Kyivstar Group (NASDAQ:KYIV) Hits New 1-Year High – Here’s What Happened

Kyivstar Group (NASDAQ:KYIV) reached a new 52-week high during trading on Monday . The company traded as high as $16.55 and last traded at $16.1740, with a volume of 1491011 shares trading hands. The stock had previously closed at $15.68.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KYIV. Weiss Ratings raised shares of Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Morgan Stanley initiated coverage on shares of Kyivstar Group in a research note on Friday, June 5th. They issued an “equal weight” rating and a $17.00 price objective for the company. Barclays assumed coverage on shares of Kyivstar Group in a research report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 target price on the stock. Wall Street Zen upgraded Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Monday, June 15th. Finally, Benchmark initiated coverage on Kyivstar Group in a report on Friday, March 27th. They issued a “buy” rating and a $20.00 target price for the company. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Kyivstar Group currently has an average rating of “Moderate Buy” and an average price target of $16.62.

Kyivstar Group Price Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.22. The company’s 50 day simple moving average is $13.82. The stock has a market cap of $3.73 billion and a PE ratio of 15.08.

Kyivstar Group (NASDAQ:KYIV) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. The firm had revenue of $323.00 million for the quarter. As a group, equities analysts forecast that Kyivstar Group will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of Kyivstar Group

Several hedge funds and other institutional investors have recently modified their holdings of KYIV. Polar Asset Management Partners Inc. purchased a new stake in shares of Kyivstar Group during the 3rd quarter valued at approximately $3,105,000. Cantor Fitzgerald L. P. bought a new stake in Kyivstar Group during the 3rd quarter valued at $250,000. SG Americas Securities LLC purchased a new stake in shares of Kyivstar Group during the fourth quarter worth $279,000. UBS Group AG lifted its position in shares of 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 acquiring an additional 164,113 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Kyivstar Group by 55.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock worth $569,000 after acquiring an additional 15,587 shares during the period.

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.