Kyivstar Group (NASDAQ:KYIV) Shares Climb 6.8% – Here’s Why

Shares of Kyivstar Group (NASDAQ:KYIV) were up 6.8% during trading on Wednesday. The stock traded as high as $13.27 and last traded at $13.5380. Approximately 421,789 shares were traded during mid-day trading, a decline of 35% from the average session volume of 644,776 shares. The stock had previously closed at $12.68.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KYIV shares. Benchmark restated a “buy” rating on shares of Kyivstar Group in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kyivstar Group in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.62.

Kyivstar Group Price Performance

The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average is $13.06 and its two-hundred day moving average is $13.35. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 1.25 and a beta of 2.14.

Kyivstar Group (NASDAQ:KYIV) last released its earnings results on Friday, July 31st. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). Kyivstar Group had a return on equity of 24.71% and a net margin of 12.73%. The business had revenue of $334.66 million for the quarter. As a group, research analysts predict that Kyivstar Group will post 1.42 earnings per share for the current year.

Institutional Investors Weigh In On Kyivstar Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp acquired a new position in shares of Kyivstar Group in the 2nd quarter valued at $1,962,000. WINTON GROUP Ltd purchased a new position in shares of Kyivstar Group during the second quarter worth about $163,000. Rangeley Capital LLC purchased a new stake in Kyivstar Group during the 1st quarter valued at approximately $101,000. Renaissance Technologies LLC acquired a new position in shares of Kyivstar Group in the first quarter valued at approximately $820,000. Finally, Yorkville Advisors Global LP purchased a new position in Kyivstar Group in the 1st quarter valued at $551,000.

About Kyivstar Group

Kyivstar Group Ltd. is a telecommunications company focused primarily on providing connectivity and digital services in Ukraine. Through its Kyivstar brand, the company offers mobile voice and data services, messaging, broadband internet, television and other communications products for consumer and business customers.

The company also provides enterprise telecommunications and digital solutions, including connectivity, cloud-related services and other technology offerings designed to support organizations.