Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Qiwi Plc (NASDAQ:QIWI) Share Price

Headlines about Qiwi Plc (NASDAQ:QIWI) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Qiwi Plc earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the credit services provider an impact score of 45.8052338772115 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently weighed in on QIWI. ValuEngine upgraded Qiwi Plc from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Citigroup Inc. downgraded shares of Qiwi Plc from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 26th. VTB Capital downgraded shares of Qiwi Plc from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Qiwi Plc from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, May 24th. Finally, BidaskClub downgraded shares of Qiwi Plc from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Qiwi Plc currently has a consensus rating of “Hold” and an average target price of $23.25.

Qiwi Plc (NASDAQ QIWI) traded down 2.52% during mid-day trading on Friday, hitting $17.82. 364,783 shares of the company’s stock were exchanged. The stock has a market cap of $1.08 billion, a PE ratio of 13.05 and a beta of 3.34. Qiwi Plc has a 12 month low of $11.60 and a 12 month high of $26.55. The stock’s 50 day moving average price is $21.55 and its 200-day moving average price is $18.86.

Qiwi Plc (NASDAQ:QIWI) last posted its quarterly earnings results on Wednesday, May 17th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Qiwi Plc had a net margin of 14.27% and a return on equity of 23.38%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the firm posted $20.41 EPS. Qiwi Plc’s revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts expect that Qiwi Plc will post $1.17 EPS for the current fiscal year.

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Qiwi Plc Company Profile

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

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