Kyivstar Group (NASDAQ:KYIV) Now Covered by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley assumed coverage on shares of Kyivstar Group (NASDAQ:KYIV) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set an “equal weight” rating and a $17.00 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 21.95% from the stock’s previous close.

KYIV has been the topic of several other research reports. Wall Street Zen upgraded Kyivstar Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Barclays started coverage on Kyivstar Group in a research note on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price objective on the stock. Benchmark started coverage on Kyivstar Group in a research note on Friday, March 27th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Weiss Ratings upgraded Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.63.

Kyivstar Group Trading Up 1.2%

Kyivstar Group stock opened at $13.94 on Friday. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.48. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $12.35. The stock has a market capitalization of $3.22 billion and a P/E ratio of 13.03.

Kyivstar Group (NASDAQ:KYIV) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. The firm had revenue of $323.00 million during the quarter. As a group, equities research analysts forecast that Kyivstar Group will post 1.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kyivstar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of KYIV. Polar Asset Management Partners Inc. bought a new stake in Kyivstar Group during the 3rd quarter valued at $3,105,000. Cantor Fitzgerald L. P. bought a new position in shares of Kyivstar Group in the third quarter worth $250,000. SG Americas Securities LLC bought a new position in shares of Kyivstar Group in the fourth quarter worth $279,000. UBS Group AG increased its holdings in shares of Kyivstar Group by 27.9% in the fourth quarter. UBS Group AG now owns 751,322 shares of the company’s stock worth $9,752,000 after purchasing an additional 164,113 shares during the period. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Kyivstar Group by 55.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 43,832 shares of the company’s stock worth $569,000 after purchasing an additional 15,587 shares during the period.

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.