Kyivstar Group (NASDAQ:KYIV) Sets New 1-Year High – Should You Buy?

Kyivstar Group (NASDAQ:KYIV)’s stock price reached a new 52-week high on Monday . The company traded as high as $16.55 and last traded at $16.1740, with a volume of 1491011 shares traded. The stock had previously closed at $15.68.

Analyst Ratings Changes

KYIV has been the subject of a number of research reports. Barclays assumed coverage on shares of Kyivstar Group in a report on Wednesday, April 8th. They set an “overweight” rating and a $12.50 target price on the stock. Weiss Ratings raised Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Morgan Stanley began coverage on shares of Kyivstar Group in a report on Friday, June 5th. They issued an “equal weight” rating and a $17.00 target price on the stock. Benchmark assumed coverage on shares of Kyivstar Group in a report on Friday, March 27th. They set a “buy” rating and a $20.00 price target for the company. Finally, Wall Street Zen upgraded shares of Kyivstar Group from a “hold” rating to a “buy” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.62.

Kyivstar Group Stock Down 0.6%

The company has a market cap of $3.59 billion and a P/E ratio of 14.55. The firm’s 50-day moving average price is $13.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.16 and a current ratio of 1.16.

Kyivstar Group (NASDAQ:KYIV) last announced its earnings results on Wednesday, May 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 anticipate that Kyivstar Group will post 1.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Kyivstar Group

Several large investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new position in Kyivstar Group during the fourth quarter valued at $54,000. Rangeley Capital LLC purchased a new stake in shares of Kyivstar Group in the first quarter worth $101,000. Quadrature Capital Ltd bought a new position in shares of Kyivstar Group during the fourth quarter valued at $133,000. Goldman Sachs Group Inc. bought a new position in shares of Kyivstar Group during the fourth quarter valued at $249,000. Finally, Cantor Fitzgerald L. P. purchased a new position in shares of Kyivstar Group in the 3rd quarter worth about $250,000.

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.