Qiwi (QIWI) Cut to Hold at ValuEngine

ValuEngine lowered shares of Qiwi (NASDAQ:QIWI) from a buy rating to a hold rating in a report released on Sunday morning.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded Qiwi from a hold rating to a strong sell rating in a report on Tuesday, November 28th. VTB Capital upgraded Qiwi from a hold rating to a buy rating in a report on Friday, August 18th. Finally, BidaskClub downgraded Qiwi from a sell rating to a strong sell rating in a report on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Qiwi presently has an average rating of Hold and a consensus price target of $22.67.

Shares of Qiwi (QIWI) opened at $13.80 on Friday. The company has a market capitalization of $837.24, a price-to-earnings ratio of 12.48 and a beta of 3.23. Qiwi has a twelve month low of $11.60 and a twelve month high of $26.55.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in Qiwi in the 3rd quarter valued at $1,105,000. Cubist Systematic Strategies LLC acquired a new stake in Qiwi in the 3rd quarter valued at $268,000. Allianz Asset Management GmbH increased its holdings in Qiwi by 83.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 70,000 shares of the credit services provider’s stock valued at $1,186,000 after purchasing an additional 31,900 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in Qiwi in the 3rd quarter valued at $4,208,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Qiwi in the 3rd quarter valued at $2,719,000. Hedge funds and other institutional investors own 17.62% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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