Kyivstar Group (NASDAQ:KYIV) Stock Price Breaks Above Fifty Day Moving Average – Time to Sell?

Shares of Kyivstar Group (NASDAQ:KYIV) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $13.07 and traded as high as $13.42. Kyivstar Group shares last traded at $13.33, with a volume of 330,698 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KYIV shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Kyivstar Group in a research note on Wednesday, August 5th. Benchmark reiterated a “buy” rating on shares of Kyivstar Group in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.62.

Kyivstar Group Price Performance

The company’s 50-day moving average is $13.07 and its 200-day moving average is $12.89. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.31 and a beta of 2.03. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.26 and a quick ratio of 1.25.

Hedge Funds Weigh In On Kyivstar Group

Large investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. purchased a new stake in shares of Kyivstar Group during the 3rd quarter valued at $542,000. State Street Corp purchased a new position in shares of Kyivstar Group in the 2nd quarter worth $1,962,000. WINTON GROUP Ltd purchased a new position in shares of Kyivstar Group in the 2nd quarter worth $163,000. Rangeley Capital LLC purchased a new position in shares of Kyivstar Group in the 1st quarter worth $101,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Kyivstar Group in the 1st quarter worth $820,000.

Kyivstar Group Company Profile

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.