Qiwi PLC (QIWI) Given Average Rating of “Hold” by Brokerages

Shares of Qiwi PLC (NASDAQ:QIWI) have been assigned an average rating of “Hold” from the eight analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.50.

Several equities analysts have weighed in on QIWI shares. Zacks Investment Research downgraded shares of Qiwi from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 28th. BidaskClub upgraded shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Thursday, December 21st. Finally, ValuEngine upgraded shares of Qiwi from a “hold” rating to a “buy” rating in a report on Saturday, October 21st.

Qiwi (NASDAQ:QIWI) traded down $0.17 during trading hours on Friday, reaching $16.52. 321,754 shares of the company’s stock traded hands, compared to its average volume of 552,552. Qiwi has a 52-week low of $13.29 and a 52-week high of $26.55. The stock has a market cap of $757.50, a P/E ratio of 22.94 and a beta of 3.23.

Qiwi (NASDAQ:QIWI) last posted its earnings results on Thursday, November 16th. The credit services provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Qiwi had a net margin of 13.47% and a return on equity of 20.98%. sell-side analysts forecast that Qiwi will post 1.09 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eqis Capital Management Inc. grew its holdings in shares of Qiwi by 11.5% during the fourth quarter. Eqis Capital Management Inc. now owns 29,074 shares of the credit services provider’s stock worth $504,000 after buying an additional 2,996 shares in the last quarter. Neumann Advisory Hong Kong Ltd purchased a new stake in shares of Qiwi during the fourth quarter worth about $2,780,000. GSA Capital Partners LLP purchased a new stake in shares of Qiwi during the third quarter worth about $1,105,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Qiwi during the third quarter worth about $268,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of Qiwi by 83.7% during the third quarter. Allianz Asset Management GmbH now owns 70,000 shares of the credit services provider’s stock worth $1,186,000 after buying an additional 31,900 shares in the last quarter. Institutional investors and hedge funds own 17.15% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.com-unik.info/2018/02/01/qiwi-plc-qiwi-given-average-rating-of-hold-by-brokerages.html.

About Qiwi

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.

Receive News & Ratings for Qiwi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit