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

StockNews.com downgraded shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.

Separately, The Goldman Sachs Group cut KT from a buy rating to a neutral rating in a research note on Thursday, July 11th.

KT Price Performance

NYSE KT traded down $0.09 during trading on Thursday, hitting $14.06. 125,171 shares of the stock traded hands, compared to its average volume of 767,088. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.36. KT has a 12-month low of $11.73 and a 12-month high of $15.35. The firm has a 50-day simple moving average of $13.61 and a 200-day simple moving average of $13.63. The company has a market capitalization of $7.25 billion, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 1.03 and a beta of 0.91.

KT (NYSE:KT) last announced its earnings results on Friday, May 24th. The technology company reported $0.57 EPS for the quarter. The firm had revenue of $5 billion during the quarter. KT had a return on equity of 5.55% and a net margin of 4.09%. As a group, analysts predict that KT will post 1.72 EPS for the current year.

Institutional Investors Weigh In On KT

Large investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in KT by 36.2% during the 2nd quarter. Creative Planning now owns 136,410 shares of the technology company’s stock valued at $1,865,000 after purchasing an additional 36,241 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in shares of KT by 61.1% in the second quarter. Kathmere Capital Management LLC now owns 17,055 shares of the technology company’s stock valued at $233,000 after acquiring an additional 6,471 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of KT by 352.2% in the second quarter. Marshall Wace LLP now owns 118,045 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 91,940 shares in the last quarter. Mount Yale Investment Advisors LLC purchased a new stake in KT in the second quarter worth about $547,000. Finally, Sei Investments Co. grew its holdings in KT by 2.3% during the 2nd quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock worth $20,774,000 after acquiring an additional 34,164 shares in 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.