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

Kyivstar Group (NASDAQ:KYIV) released its quarterly earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, beating 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 Up 4.2%

KYIV traded up $0.58 during trading on Wednesday, hitting $14.55. 1,433,719 shares of the company traded hands, compared to its average volume of 570,821. Kyivstar Group has a one year low of $9.29 and a one year high of $16.48. The firm’s fifty day moving average price is $11.42. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $3.36 billion and a price-to-earnings ratio of 20.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KYIV. Pertento Partners LLP bought a new position in shares of Kyivstar Group during the 4th quarter valued at approximately $23,456,000. Millennium Management LLC raised its holdings in shares of Kyivstar Group by 24.6% in the 4th quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock worth $1,656,000 after purchasing an additional 25,199 shares during the period. Quinn Opportunity Partners LLC lifted its stake in Kyivstar Group by 59.6% in the fourth quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock valued at $1,040,000 after purchasing an additional 29,900 shares during the last quarter. Verition Fund Management LLC purchased a new position in Kyivstar Group in the fourth quarter valued at approximately $591,000. Finally, HRT Financial LP grew its holdings in Kyivstar Group by 12.0% during the fourth quarter. HRT Financial LP now owns 35,838 shares of the company’s stock valued at $465,000 after purchasing an additional 3,853 shares during the period.

Analysts Set New Price Targets

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

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.