Qiwi (QIWI) Lowered to Hold at ValuEngine

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

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Qiwi from a strong sell rating to a hold rating in a research note on Tuesday, August 15th. BidaskClub downgraded shares of Qiwi from a sell rating to a strong sell rating in a research note on Tuesday, August 15th. Finally, VTB Capital raised shares of Qiwi from a hold rating to a buy rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $22.67.

Qiwi (QIWI) opened at $13.93 on Friday. Qiwi has a 12-month low of $11.60 and a 12-month high of $26.55. The firm has a market cap of $633.12, a price-to-earnings ratio of 12.37 and a beta of 3.23.

A number of institutional investors have recently added to or reduced their stakes in the stock. HAP Trading LLC purchased a new stake in shares of Qiwi in the third quarter valued at $549,000. Russell Investments Group Ltd. purchased a new stake in shares of Qiwi in the second quarter valued at $1,783,000. Ameriprise Financial Inc. purchased a new stake in shares of Qiwi in the second quarter valued at $260,000. Penserra Capital Management LLC raised its stake in shares of Qiwi by 75.0% in the third quarter. Penserra Capital Management LLC now owns 92,591 shares of the credit services provider’s stock valued at $1,568,000 after acquiring an additional 39,672 shares during the period. Finally, Cowen Inc. purchased a new stake in shares of Qiwi in the second quarter valued at $2,702,000. 17.62% of the stock is currently owned by institutional investors.

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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.

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

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