KT (NYSE:KT) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a report issued on Friday.

A number of other equities analysts have also weighed in on KT. Zacks Research lowered shares of KT from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KT in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, KT has an average rating of “Moderate Buy”.

KT Price Performance

Shares of NYSE KT opened at $19.68 on Friday. The firm has a market cap of $10.15 billion, a PE ratio of 14.58, a PEG ratio of 0.14 and a beta of 0.70. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41. KT has a 1-year low of $14.79 and a 1-year high of $21.61. The company has a fifty day moving average price of $20.10 and a 200 day moving average price of $19.56.

KT (NYSE:KT) last announced its earnings results on Friday, September 5th. The technology company reported $1.01 earnings per share for the quarter. The firm had revenue of $5.31 billion during the quarter. KT had a net margin of 3.35% and a return on equity of 5.06%. Research analysts predict that KT will post 0.73 earnings per share for the current fiscal year.

KT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Wednesday, July 30th were given a dividend of $0.2164 per share. The ex-dividend date of this dividend was Wednesday, July 30th. This represents a $0.87 annualized dividend and a yield of 4.4%. KT’s payout ratio is 52.59%.

Institutional Investors Weigh In On KT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Place Capital Corp lifted its position in KT by 66.7% during the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock worth $36,000 after buying an additional 819 shares in the last quarter. Farther Finance Advisors LLC lifted its position in KT by 174.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock worth $40,000 after buying an additional 1,447 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in KT by 143.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company’s stock worth $42,000 after buying an additional 1,396 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of KT by 506.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,091 shares during the period. Finally, Brooklyn Investment Group raised its holdings in shares of KT by 1,901.0% in the 1st quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company’s stock valued at $73,000 after purchasing an additional 3,916 shares during the period. 18.86% of the stock is owned by institutional investors.

About KT

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.