Qiwi (NASDAQ:QIWI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
Several other brokerages also recently issued reports on QIWI. UBS raised shares of Qiwi from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, April 5th. Zacks Investment Research raised shares of Qiwi from a “sell” rating to a “hold” rating in a research report on Saturday, March 10th. Finally, ValuEngine raised shares of Qiwi from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.00.
Shares of Qiwi stock opened at $15.89 on Wednesday. Qiwi has a 1 year low of $13.66 and a 1 year high of $26.55. The firm has a market cap of $761.54, a price-to-earnings ratio of 15.28 and a beta of 2.71.
Several large investors have recently modified their holdings of QIWI. JPMorgan Chase & Co. boosted its holdings in shares of Qiwi by 240.4% in the third 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 in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Qiwi by 1,278.7% in the fourth quarter. Guggenheim Capital LLC now owns 178,618 shares of the credit services provider’s stock valued at $3,096,000 after acquiring an additional 165,662 shares in the last quarter. Neumann Advisory Hong Kong Ltd purchased a new stake in shares of Qiwi in the fourth quarter valued at about $2,780,000. J. Goldman & Co LP purchased a new stake in shares of Qiwi in the fourth quarter valued at about $1,709,000. Finally, River & Mercantile Asset Management LLP boosted its holdings in shares of Qiwi by 47.2% in the fourth quarter. River & Mercantile Asset Management LLP now owns 287,940 shares of the credit services provider’s stock valued at $4,989,000 after acquiring an additional 92,373 shares in the last quarter. 26.30% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://dakotafinancialnews.com/2018/04/13/bidaskclub-downgrades-qiwi-qiwi-to-hold.html.
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 provides payment services across physical, online, and mobile channels through a network of approximately 113,000 kiosks and 49,000 terminals that run its proprietary software.
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.