Kyivstar Group (NASDAQ:KYIV) Shares Down 6.6% – Here’s What Happened

Kyivstar Group (NASDAQ:KYIV) fell 6.6% on Friday . The company traded as low as $12.50 and last traded at $12.50. 97,520 shares traded hands during trading, a decline of 80% from the average session volume of 477,458 shares. The stock had previously closed at $13.39.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KYIV shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $17.00 price target on shares of Kyivstar Group in a research report on Wednesday, December 24th. Wall Street Zen upgraded Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $17.00.

Kyivstar Group Stock Down 8.8%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $2.82 billion and a PE ratio of 37.00.

Institutional Inflows and Outflows

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