Kyivstar Group (NASDAQ:KYIV) Releases Earnings Results, Beats Estimates By $0.03 EPS

Kyivstar Group (NASDAQ:KYIVGet Free Report) issued its earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03, Zacks reports. The firm had revenue of $318.44 million for the quarter.

Kyivstar Group Stock Performance

NASDAQ:KYIV traded up $0.58 during trading on Wednesday, reaching $14.55. The company’s stock had a trading volume of 1,433,719 shares, compared to its average volume of 570,821. The company has a market capitalization of $3.36 billion and a price-to-earnings ratio of 20.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.39. The company has a 50 day simple moving average of $11.42. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.48.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new position in Kyivstar Group in the 4th quarter valued at $133,000. Goldman Sachs Group Inc. bought a new position in Kyivstar Group in the 4th quarter valued at $249,000. HRT Financial LP grew its stake in shares of Kyivstar Group by 12.0% during the 4th quarter. HRT Financial LP now owns 35,838 shares of the company’s stock worth $465,000 after acquiring an additional 3,853 shares during the period. Verition Fund Management LLC bought a new position in shares of Kyivstar Group during the 4th quarter worth $591,000. Finally, Quinn Opportunity Partners LLC grew its stake in shares of Kyivstar Group by 59.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock worth $1,040,000 after acquiring an additional 29,900 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently commented on KYIV. Weiss Ratings raised Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Benchmark began coverage on Kyivstar Group in a research report on Friday, March 27th. They issued a “buy” rating and a $20.00 price target for the company. Wall Street Zen lowered Kyivstar Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Finally, Barclays began coverage on Kyivstar Group in a research report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price target for the company. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.50.

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Kyivstar Group Company Profile

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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.

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