KT (NYSE:KT) Rating Lowered to Buy at StockNews.com

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

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

KT Stock Performance

Shares of KT stock traded down $1.23 during trading on Friday, hitting $14.95. 1,741,532 shares of the company’s stock were exchanged, compared to its average volume of 752,928. KT has a 52-week low of $12.10 and a 52-week high of $16.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.08. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.01 and a beta of 0.90. The business has a 50-day simple moving average of $15.42 and a 200-day simple moving average of $14.22.

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

Hedge Funds Weigh In On KT

Hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in shares of KT by 44.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after purchasing an additional 1,101,669 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 buying an additional 829,682 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of KT by 245.7% in the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock worth $15,476,000 after buying an additional 804,986 shares in the last quarter. Natixis Advisors LLC lifted its stake in KT by 383.2% in the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock worth $2,345,000 after purchasing an additional 136,021 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of KT by 55.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock worth $5,247,000 after purchasing an additional 133,570 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.

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.