Kyivstar Group (NASDAQ:KYIV) Issues Earnings Results, Beats Expectations By $0.03 EPS

Kyivstar Group (NASDAQ:KYIV) posted its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03, Zacks reports. The firm had revenue of $323.00 million during the quarter.

Kyivstar Group Price Performance

KYIV stock traded down $0.42 during mid-day trading on Friday, reaching $13.30. The company had a trading volume of 489,980 shares, compared to its average volume of 805,145. The stock has a market cap of $3.07 billion and a P/E ratio of 18.99. The business has a 50 day moving average of $11.46. Kyivstar Group has a 12 month low of $9.29 and a 12 month high of $16.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.39 and a quick ratio of 1.38.

Institutional Trading of Kyivstar Group

Large investors have recently modified their holdings of the company. HRT Financial LP increased its holdings in Kyivstar Group by 12.0% during the 4th quarter. HRT Financial LP now owns 35,838 shares of the company’s stock worth $465,000 after purchasing an additional 3,853 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Kyivstar Group in the 4th quarter worth $133,000. Goldman Sachs Group Inc. purchased a new stake in shares of Kyivstar Group in the 4th quarter worth $249,000. Verition Fund Management LLC bought a new position in shares of Kyivstar Group during the 4th quarter worth $591,000. Finally, Quinn Opportunity Partners LLC grew its position in shares of Kyivstar Group by 59.6% during the 4th quarter. Quinn Opportunity Partners LLC now owns 80,100 shares of the company’s stock worth $1,040,000 after buying an additional 29,900 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KYIV. Benchmark assumed coverage on Kyivstar Group in a research note on Friday, March 27th. They set a “buy” rating and a $20.00 target price on the stock. Wall Street Zen lowered Kyivstar Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. Barclays started coverage on Kyivstar Group in a research report on Wednesday, April 8th. They issued an “overweight” rating and a $12.50 price objective on the stock. Finally, Weiss Ratings upgraded Kyivstar Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Kyivstar Group currently has an average rating of “Moderate Buy” and an average target price of $16.50.

Kyivstar Group Company Profile

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.