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ValuEngine upgraded Qiwi PLC (NASDAQ:QIWI) to Buy in a report released today.

Yesterday Qiwi PLC (NASDAQ:QIWI) traded 0.06% higher at $23.06. The company’s 50-day moving average is $17.01 and its 200-day moving average is $19.58. The last stock close price is up -13.28% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 132,990 shares of the stock were exchanged, down from an average trading volume of 352,942

ValuEngine has upgraded Qiwi PLC (NASDAQ:QIWI) to Buy in a report released on Friday June 02, 2017.

Previously on Wednesday May 24, 2017, Zacks Investment Research reported about Qiwi PLC (NASDAQ:QIWI) raised the target price from $0.00 to $25.00. At the time, this indicated a possible upside of 0.11%.

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Qiwi PLC (NASDAQ:QIWI)

Qiwi PLC has a 52 week low of $11.60 and a 52 week high of $26.55 with a P/E ratio of 11.81 The company’s market cap is currently $0.

In addition to ValuEngine reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is $18.31 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Qiwi PLC (NASDAQ: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. The Company's 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 provides integrated network of physical distribution points and virtual wallets, as well as payment channels and methods that enable consumers to deposit cash, convert it into a digital form and transfer the funds to a virtual wallet or pay for any merchant in its network.

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