QIWI plc (QIWI) Receives Analyst Rating

QIWI plc (QIWI) has an average broker rating of 3, which is interpreted as a Hold, as rated by 2 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


QIWI plc (NASDAQ:QIWI): After opening at $15.19, the stock dipped to an intraday low of $15.07 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $15.7 and the buying power remained strong till the end. The stock closed at $15.69 for the day, a gain of 3.56% for the day session. The total traded volume was 712,158. The stocks close on the previous trading day was $15.15.

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Companys network enables payment services across physical, online and mobile channels. Its consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or virtual environments interchangeably. The Company operates in and target markets and consumer segments. It provides an integrated network of physical and virtual wallets and payment channels that enable consumers to deposit cash, convert it into a digital form and remit the funds to a virtual wallet, a variety of Visa-branded prepaid cards or any merchant in its network. The consumers access the Companys payment network through two primary channels, such as physical distribution represented by its kiosks and terminals, and virtual distribution represented by its online product that it operates under the Visa Qiwi Wallet brand.

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