KT (NYSE:KT) Downgraded by StockNews.com to Buy

StockNews.com cut shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.

KT Trading Up 0.4 %

Shares of KT stock opened at $12.17 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 1.03. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.25 and a beta of 0.82. The stock has a 50 day simple moving average of $13.97 and a 200-day simple moving average of $13.28. KT has a 1-year low of $11.04 and a 1-year high of $15.35.

KT (NYSE:KT) last announced its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter. The business had revenue of $5.08 billion during the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. On average, equities research analysts expect that KT will post 1.9 EPS for the current fiscal year.

Institutional Trading of KT

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of KT during the fourth quarter worth approximately $28,000. Glassman Wealth Services increased its position in shares of KT by 63.5% during the fourth quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after purchasing an additional 911 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of KT by 152.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,821 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of KT by 1,292.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,831 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of KT by 1,227.4% during the fourth quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,823 shares in the last quarter. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

KT Company Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.