Qiwi (NASDAQ:QIWI) Stock Rating Upgraded by BidaskClub

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Qiwi (NASDAQ:QIWI) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, June 1st, BidAskClub reports.

A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Qiwi from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $19.00 to $20.00 in a report on Thursday, May 16th. ValuEngine upgraded shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 26th. Zacks Investment Research upgraded shares of Qiwi from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective for the company in a report on Thursday, May 23rd. Finally, TheStreet upgraded shares of Qiwi from a “c+” rating to a “b-” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.33.

Shares of QIWI stock opened at $17.71 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 18.45 and a beta of 1.07. Qiwi has a 12 month low of $11.61 and a 12 month high of $17.87.

Qiwi (NASDAQ:QIWI) last released its quarterly earnings results on Thursday, May 16th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.14. The business had revenue of $82.90 million for the quarter. Qiwi had a net margin of 12.20% and a return on equity of 16.86%. As a group, equities analysts predict that Qiwi will post 1.46 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of QIWI. Quantamental Technologies LLC acquired a new position in shares of Qiwi in the 4th quarter valued at $37,000. SEI Investments Co acquired a new position in shares of Qiwi in the 1st quarter valued at $60,000. Financial Gravity Companies Inc. acquired a new position in shares of Qiwi in the 4th quarter valued at $65,000. Smith Asset Management Group LP acquired a new position in shares of Qiwi in the 4th quarter valued at $101,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Qiwi in the 4th quarter valued at $105,000. Institutional investors own 24.43% of the company’s stock.

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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