KT (NYSE:KT) Stock Rating Lowered by Wall Street Zen

KT (NYSE:KT) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms also recently weighed in on KT. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KT in a research note on Wednesday, October 8th. Zacks Research lowered shares of KT from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

KT Stock Performance

KT stock opened at $18.58 on Friday. The company has a 50 day moving average price of $19.99 and a 200-day moving average price of $19.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.15 and a current ratio of 1.19. KT has a fifty-two week low of $14.79 and a fifty-two week high of $21.61. The company has a market capitalization of $9.58 billion, a PE ratio of 13.76, a P/E/G ratio of 0.13 and a beta of 0.70.

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

Hedge Funds Weigh In On KT

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in KT by 7.7% in the third quarter. GAMMA Investing LLC now owns 10,845 shares of the technology company’s stock worth $211,000 after purchasing an additional 776 shares during the last quarter. Lazard Asset Management LLC grew its holdings in KT by 1.2% in the second quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock worth $67,545,000 after purchasing an additional 37,744 shares during the last quarter. SG Americas Securities LLC grew its holdings in KT by 306.5% in the second quarter. SG Americas Securities LLC now owns 76,592 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 57,749 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in KT by 506.3% in the second quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company’s stock worth $52,000 after purchasing an additional 2,091 shares during the last quarter. Finally, AdvisorShares Investments LLC grew its holdings in KT by 22.0% in the second quarter. AdvisorShares Investments LLC now owns 56,747 shares of the technology company’s stock worth $1,179,000 after purchasing an additional 10,251 shares during the last quarter. 18.86% of the stock is 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.