StockNews.com Downgrades KT (NYSE:KT) to Buy

KT (NYSE:KT) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.

KT has been the subject of a number of other reports. The Goldman Sachs Group cut KT from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. New Street Research raised shares of KT to a “strong-buy” rating in a research note on Monday, September 9th.

KT Trading Down 7.6 %

NYSE:KT traded down $1.23 on Friday, hitting $14.95. The stock had a trading volume of 1,741,532 shares, compared to its average volume of 752,928. The company has a fifty day moving average price of $15.42 and a two-hundred day moving average price of $14.22. KT has a 1-year low of $12.10 and a 1-year high of $16.24. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.01 and a beta of 0.90.

KT (NYSE:KT) last released its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. The firm had revenue of $4.77 billion for the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. Equities research analysts expect that KT will post 1.23 earnings per share for the current fiscal year.

Institutional Trading of KT

A number of institutional investors and hedge funds have recently bought and sold shares of KT. Price T Rowe Associates Inc. MD boosted its holdings in KT by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after purchasing an additional 829,682 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after buying an additional 1,101,669 shares during the period. Lazard Asset Management LLC grew its position in shares of KT by 2.4% during the first quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock worth $49,857,000 after buying an additional 84,760 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of KT by 0.5% during the first quarter. Russell Investments Group Ltd. now owns 3,212,410 shares of the technology company’s stock worth $45,038,000 after buying an additional 16,362 shares during the period. Finally, Sei Investments Co. raised its holdings in KT by 2.3% in the second quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock valued at $20,774,000 after acquiring an additional 34,164 shares in the last quarter. 18.86% of the stock is currently owned by hedge funds and other 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.