Kyivstar Group (NASDAQ:KYIV) Shares Down 5.4% – Time to Sell?

Kyivstar Group (NASDAQ:KYIV) dropped 5.4% on Friday . The stock traded as low as $12.13 and last traded at $12.20. Approximately 361,691 shares traded hands during trading, a decline of 56% from the average daily volume of 828,773 shares. The stock had previously closed at $12.89.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KYIV. Wall Street Zen lowered Kyivstar Group from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $17.00 target price on shares of Kyivstar Group in a research report on Wednesday, December 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $17.00.

Kyivstar Group Trading Down 7.4%

The company has a 50-day moving average price of $12.56. The firm has a market capitalization of $2.75 billion and a price-to-earnings ratio of 36.15. 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

Several hedge funds have recently modified their holdings of the business. Pertento Partners LLP acquired a new position in Kyivstar Group during the 4th quarter valued at $23,456,000. UBS Group AG grew its position in Kyivstar Group by 27.9% in the 4th 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 last quarter. Polar Asset Management Partners Inc. bought a new position in shares of Kyivstar Group during the 3rd quarter worth about $3,105,000. Millennium Management LLC raised its position in shares of Kyivstar Group by 24.6% during the fourth quarter. Millennium Management LLC now owns 127,555 shares of the company’s stock valued at $1,656,000 after buying an additional 25,199 shares during the last quarter. Finally, Quinn Opportunity Partners LLC lifted its stake in shares of 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 buying an additional 29,900 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.