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Will Qiwi Surge Higher?

Zacks Equity Research
TiVo's (TIVO) focus on rebounding its fortunes is evident from the back-to-back expansion in the IP licensing agreements with leading houses.

As of late, it has definitely been a great time to be an investor Qiwi plc QIWI. The stock has moved higher by 12.2% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider QIWI’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as QIWI has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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