Kyivstar Group (NASDAQ:KYIV) Shares Gap Down – Time to Sell?

Kyivstar Group (NASDAQ:KYIV) gapped down prior to trading on Wednesday . The stock had previously closed at $12.59, but opened at $11.95. Kyivstar Group shares last traded at $12.31, with a volume of 869,138 shares.

Wall Street Analysts Forecast Growth

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

Kyivstar Group Stock Performance

The stock has a market cap of $2.76 billion and a P/E ratio of 36.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.40 and a current ratio of 1.40.

Institutional Investors Weigh In On Kyivstar Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Kyivstar Group in the fourth quarter worth about $279,000. Cantor Fitzgerald L. P. purchased a new position in shares of Kyivstar Group in the 3rd quarter valued at approximately $250,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Kyivstar Group in the 3rd quarter worth approximately $3,105,000.

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.