BidaskClub Upgrades Qiwi (QIWI) to Hold

BidaskClub Upgrades Qiwi (QIWI) to Hold

BidaskClub upgraded shares of Qiwi (NASDAQ:QIWI) from a sell rating to a hold rating in a research note released on Thursday morning.

QIWI has been the topic of several other research reports. Zacks Investment Research lowered Qiwi from a hold rating to a strong sell rating in a research note on Tuesday, November 28th. ValuEngine upgraded Qiwi from a hold rating to a buy rating in a research report on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Qiwi presently has a consensus rating of Hold and a consensus target price of $22.67.

Shares of Qiwi (NASDAQ QIWI) opened at $17.00 on Thursday. The company has a market capitalization of $1,030.00, a P/E ratio of 23.29 and a beta of 3.02. Qiwi has a 52 week low of $13.66 and a 52 week high of $26.55.

Qiwi (NASDAQ:QIWI) last announced its quarterly earnings results on Thursday, November 16th. The credit services provider reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $55.80 million for the quarter, compared to analyst estimates of $51.02 million. Qiwi had a return on equity of 20.98% and a net margin of 13.47%. analysts anticipate that Qiwi will post 1.09 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of Qiwi by 240.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 390,918 shares of the credit services provider’s stock worth $6,470,000 after purchasing an additional 276,068 shares during the last quarter. River & Mercantile Asset Management LLP raised its position in shares of Qiwi by 47.2% during the 4th quarter. River & Mercantile Asset Management LLP now owns 287,940 shares of the credit services provider’s stock worth $4,989,000 after purchasing an additional 92,373 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Qiwi during the 3rd quarter worth approximately $4,208,000. Deutsche Bank AG raised its position in shares of Qiwi by 13.6% during the 4th quarter. Deutsche Bank AG now owns 215,139 shares of the credit services provider’s stock worth $3,727,000 after purchasing an additional 25,680 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Qiwi by 1,278.7% during the 4th quarter. Guggenheim Capital LLC now owns 178,618 shares of the credit services provider’s stock worth $3,096,000 after purchasing an additional 165,662 shares during the last quarter. Hedge funds and other institutional investors own 17.59% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “BidaskClub Upgrades Qiwi (QIWI) to Hold” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/19/bidaskclub-upgrades-qiwi-qiwi-to-hold.html.

Qiwi 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.

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.

BidaskClub upgraded shares of Qiwi (NASDAQ:QIWI) from a sell rating to a hold rating in a research note released on Thursday.

Several other brokerages also recently weighed in on QIWI. ValuEngine upgraded Qiwi from a hold rating to a buy rating in a report on Saturday, October 21st. Zacks Investment Research upgraded Qiwi from a strong sell rating to a hold rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Qiwi presently has a consensus rating of Hold and an average price target of $22.67.

Qiwi (NASDAQ QIWI) opened at $17.00 on Thursday. The firm has a market capitalization of $1,030.00, a price-to-earnings ratio of 23.29 and a beta of 3.02. Qiwi has a twelve month low of $13.66 and a twelve month high of $26.55.

Qiwi (NASDAQ:QIWI) last issued its quarterly 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. The company had revenue of $55.80 million during the quarter, compared to the consensus estimate of $51.02 million. Qiwi had a return on equity of 20.98% and a net margin of 13.47%. research analysts expect that Qiwi will post 1.09 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Qiwi by 240.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 390,918 shares of the credit services provider’s stock valued at $6,470,000 after acquiring an additional 276,068 shares during the last quarter. River & Mercantile Asset Management LLP grew its stake in shares of Qiwi by 47.2% during the 4th quarter. River & Mercantile Asset Management LLP now owns 287,940 shares of the credit services provider’s stock valued at $4,989,000 after buying an additional 92,373 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Qiwi during the 3rd quarter valued at $4,208,000. Deutsche Bank AG grew its stake in shares of Qiwi by 13.6% during the 4th quarter. Deutsche Bank AG now owns 215,139 shares of the credit services provider’s stock valued at $3,727,000 after buying an additional 25,680 shares during the period. Finally, Guggenheim Capital LLC grew its stake in shares of Qiwi by 1,278.7% during the 4th quarter. Guggenheim Capital LLC now owns 178,618 shares of the credit services provider’s stock valued at $3,096,000 after buying an additional 165,662 shares during the period. Institutional investors own 17.59% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Upgrades Qiwi (QIWI) to Hold” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/19/bidaskclub-upgrades-qiwi-qiwi-to-hold.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.

Leave a Reply