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

StockNews.com lowered shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research report report published on Friday morning.

A number of other equities analysts have also weighed in on the stock. The Goldman Sachs Group lowered shares of KT from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. New Street Research upgraded KT to a “strong-buy” rating in a research note on Monday, September 9th.

KT Price Performance

Shares of NYSE:KT opened at $14.95 on Friday. The business has a fifty day moving average price of $15.42 and a 200-day moving average price of $14.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01. The company has a market capitalization of $7.71 billion, a PE ratio of 9.12, a PEG ratio of 0.95 and a beta of 0.90. KT has a 1-year low of $12.10 and a 1-year high of $16.24.

KT (NYSE:KT) last released its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The business had revenue of $4.77 billion during the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. As a group, equities analysts expect that KT will post 0.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. PDS Planning Inc boosted its holdings in KT by 6.2% in the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock worth $282,000 after purchasing an additional 1,065 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of KT by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock worth $5,021,000 after buying an additional 1,244 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,264 shares during the period. Legacy Capital Group California Inc. increased its position in KT by 7.0% during the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company’s stock valued at $294,000 after acquiring an additional 1,403 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in KT by 5.6% in the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock valued at $433,000 after acquiring an additional 1,487 shares during the period. 18.86% of the stock is 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 mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.