KT (NYSE:KT) Hits New 12-Month Low – Should You Sell?

Shares of KT Corporation (NYSE:KT) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.41 and last traded at $17.4030, with a volume of 113340 shares trading hands. The stock had previously closed at $17.85.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen downgraded KT from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Bank of America cut KT from a “buy” rating to a “neutral” rating and set a $23.08 price target for the company. in a research note on Thursday, May 14th. Zacks Research downgraded KT from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of KT in a research report on Friday, June 12th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.08.

KT Trading Down 1.5%

The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 7.78 and a beta of 0.53. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11. The firm’s fifty day moving average is $19.89 and its 200-day moving average is $20.52.

KT (NYSE:KT) last issued its quarterly earnings results on Monday, April 13th. The technology company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). KT had a return on equity of 8.04% and a net margin of 5.51%.The business had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.69 billion. Equities analysts anticipate that KT Corporation will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On KT

A number of hedge funds have recently added to or reduced their stakes in KT. Triumph Capital Management acquired a new position in KT in the third quarter valued at approximately $47,000. Quantbot Technologies LP bought a new stake in shares of KT in the 3rd quarter valued at $81,000. Westpac Banking Corp bought a new position in KT during the fourth quarter worth $157,000. SG Americas Securities LLC acquired a new stake in KT in the fourth quarter worth $163,000. Finally, EverSource Wealth Advisors LLC grew its holdings in KT by 41.0% in the first quarter. EverSource Wealth Advisors LLC now owns 9,122 shares of the technology company’s stock worth $196,000 after purchasing an additional 2,653 shares during the period. 18.86% of the stock is currently owned by institutional investors.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.