Zacks Investment Research upgraded shares of Qiwi (NASDAQ:QIWI) from a hold rating to a buy rating in a research report released on Saturday morning, Zacks.com reports. The firm currently has $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. “
A number of other brokerages also recently issued reports on QIWI. ValuEngine downgraded Qiwi from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. BidaskClub raised Qiwi from a sell rating to a hold rating in a research note on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $20.50.
Shares of QIWI traded down $0.05 during mid-day trading on Friday, reaching $18.52. The company’s stock had a trading volume of 552,400 shares, compared to its average volume of 261,208. Qiwi has a 12-month low of $12.50 and a 12-month high of $25.25. The company’s 50 day moving average is $20.11 and its 200 day moving average is $19.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $1.11 billion, a PE ratio of 19.29 and a beta of 1.01.
Qiwi (NASDAQ:QIWI) last posted its quarterly earnings data on Monday, August 19th. The credit services provider reported $0.50 earnings per share for the quarter. The company had revenue of $88.20 million during the quarter. Qiwi had a return on equity of 20.68% and a net margin of 13.44%. As a group, sell-side analysts anticipate that Qiwi will post 1.47 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Qiwi during the 2nd quarter worth approximately $105,000. Victory Capital Management Inc. purchased a new position in shares of Qiwi during the 2nd quarter worth approximately $128,000. Krane Funds Advisors LLC purchased a new position in shares of Qiwi during the 2nd quarter worth approximately $195,000. Marshall Wace LLP purchased a new position in shares of Qiwi during the 1st quarter worth approximately $283,000. Finally, LPL Financial LLC purchased a new position in shares of Qiwi during the 2nd quarter worth approximately $291,000. 27.87% of the stock is owned by institutional investors and hedge funds.
Qiwi Company Profile
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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