Qiwi (NASDAQ:QIWI) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Sunday.
Several other research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Qiwi from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 28th. VTB Capital raised shares of Qiwi from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, BidaskClub cut shares of Qiwi from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Qiwi presently has an average rating of “Hold” and an average target price of $22.67.
Qiwi (QIWI) opened at $14.10 on Friday. Qiwi has a fifty-two week low of $11.60 and a fifty-two week high of $26.55. The company has a market cap of $638.96, a P/E ratio of 12.48 and a beta of 3.23.
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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.
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