Zacks Investment Research upgraded shares of Qiwi (NASDAQ:QIWI) from a hold rating to a buy rating in a report issued on Saturday, Zacks.com reports. They currently have $21.00 price objective on the credit services provider’s stock.
According to Zacks, “QIWI plc operates as a provider of next generation payment services primarily in Russia and the CIS. The Company has an integrated network that enables payment services across physical, online and mobile channels. It enables merchants to accept cash and electronic payments from virtual wallets, and operates cash-collecting terminals and kiosks. QIWI plc is based in Moscow, the Russian Federation. “
Several other research analysts also recently weighed in on the company. BidaskClub upgraded Qiwi from a sell rating to a hold rating in a research note on Saturday, November 2nd. ValuEngine downgraded Qiwi from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $20.50.
Shares of QIWI stock traded down $0.05 during mid-day trading on Friday, reaching $18.52. 552,400 shares of the company’s stock traded hands, compared to its average volume of 261,208. The company’s 50-day moving average price is $20.11 and its 200-day moving average price is $19.41. The company has a market cap of $1.11 billion, a P/E ratio of 19.29 and a beta of 1.01. Qiwi has a 12 month low of $12.50 and a 12 month high of $25.25. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.02.
Qiwi (NASDAQ:QIWI) last posted its quarterly earnings results on Monday, August 19th. The credit services provider reported $0.50 earnings per share for the quarter. Qiwi had a return on equity of 20.68% and a net margin of 13.44%. The business had revenue of $88.20 million during the quarter. Equities analysts predict that Qiwi will post 1.47 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. raised its holdings in Qiwi by 0.8% during the 3rd quarter. Eqis Capital Management Inc. now owns 89,809 shares of the credit services provider’s stock valued at $1,971,000 after buying an additional 684 shares during the period. Altshuler Shaham Ltd purchased a new stake in Qiwi in the second quarter worth $105,000. Van ECK Associates Corp increased its stake in Qiwi by 5.5% in the second quarter. Van ECK Associates Corp now owns 88,315 shares of the credit services provider’s stock worth $1,728,000 after purchasing an additional 4,596 shares during the period. Victory Capital Management Inc. purchased a new stake in Qiwi in the second quarter worth $128,000. Finally, JPMorgan Chase & Co. increased its stake in Qiwi by 0.5% in the second quarter. JPMorgan Chase & Co. now owns 1,371,447 shares of the credit services provider’s stock worth $27,456,000 after purchasing an additional 6,553 shares during the period. Hedge funds and other institutional investors own 27.87% of the company’s stock.
Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.
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