ValuEngine Upgrades Qiwi (QIWI) to Hold

Qiwi (NASDAQ:QIWI) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday, February 4th.

Other analysts have also recently issued reports about the company. BidaskClub upgraded Qiwi from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Zacks Investment Research upgraded Qiwi from a “strong sell” rating to a “hold” rating in a research note on Friday, January 25th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.75.

Qiwi stock opened at $14.17 on Monday. Qiwi has a 1-year low of $11.61 and a 1-year high of $20.05.

Several hedge funds have recently modified their holdings of QIWI. Acadian Asset Management LLC grew its holdings in shares of Qiwi by 446.8% during the fourth quarter. Acadian Asset Management LLC now owns 350,234 shares of the credit services provider’s stock worth $4,951,000 after purchasing an additional 286,179 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Qiwi by 202.9% during the fourth quarter. Millennium Management LLC now owns 273,559 shares of the credit services provider’s stock worth $3,868,000 after purchasing an additional 183,251 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Qiwi by 114.8% during the third quarter. Renaissance Technologies LLC now owns 322,780 shares of the credit services provider’s stock worth $4,251,000 after purchasing an additional 172,480 shares during the last quarter. River & Mercantile Asset Management LLP grew its holdings in shares of Qiwi by 39.1% during the fourth quarter. River & Mercantile Asset Management LLP now owns 568,576 shares of the credit services provider’s stock worth $8,031,000 after purchasing an additional 159,800 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Qiwi by 14.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 885,490 shares of the credit services provider’s stock worth $11,662,000 after purchasing an additional 114,241 shares during the last quarter. 29.34% of the stock is currently owned by institutional investors.

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

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