Kyivstar Group (NASDAQ:KYIV – Get Free Report)’s stock price traded up 6.8% during trading on Wednesday. The stock traded as high as $13.27 and last traded at $13.5380. Approximately 421,789 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 644,776 shares. The stock had previously closed at $12.68.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on KYIV. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyivstar Group in a research note on Wednesday, August 5th. Benchmark reissued a “buy” rating on shares of Kyivstar Group in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.62.
View Our Latest Stock Analysis on KYIV
Kyivstar Group Stock Down 6.1%
The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $3.02 billion, a P/E ratio of 19.73, a price-to-earnings-growth ratio of 1.39 and a beta of 2.14. The company has a 50-day moving average of $13.07 and a two-hundred day moving average of $13.40.
Kyivstar Group (NASDAQ:KYIV – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $334.66 million during the quarter. Kyivstar Group had a return on equity of 24.71% and a net margin of 12.73%. On average, research analysts predict that Kyivstar Group will post 1.42 EPS for the current year.
Hedge Funds Weigh In On Kyivstar Group
Institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp bought a new position in shares of Kyivstar Group during the second quarter valued at $1,962,000. WINTON GROUP Ltd purchased a new stake in Kyivstar Group in the second quarter worth approximately $163,000. Rangeley Capital LLC purchased a new position in shares of Kyivstar Group in the 1st quarter worth $101,000. Renaissance Technologies LLC bought a new stake in shares of Kyivstar Group during the 1st quarter valued at about $820,000. Finally, Yorkville Advisors Global LP bought a new stake in Kyivstar Group during the first quarter valued at approximately $551,000.
Kyivstar Group Company Profile
Kyivstar Group Ltd. is a telecommunications company focused primarily on providing connectivity and digital services in Ukraine. Through its Kyivstar brand, the company offers mobile voice and data services, messaging, broadband internet, television and other communications products for consumer and business customers.
The company also provides enterprise telecommunications and digital solutions, including connectivity, cloud-related services and other technology offerings designed to support organizations.
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