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

KT (NYSE:KT) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings upgraded shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, March 17th. Zacks Research upgraded KT from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

KT Trading Down 0.7%

NYSE KT opened at $21.69 on Friday. The company has a market cap of $10.46 billion, a P/E ratio of 15.49, a P/E/G ratio of 0.19 and a beta of 0.62. KT has a 12 month low of $16.25 and a 12 month high of $24.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. The company has a 50-day moving average of $21.80 and a 200-day moving average of $19.93.

KT (NYSE:KT) last released its earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter. KT had a net margin of 3.41% and a return on equity of 5.20%. The business had revenue of $4.74 billion for the quarter. As a group, equities analysts predict that KT will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Triumph Capital Management acquired a new stake in shares of KT in the third quarter worth $47,000. Quantbot Technologies LP acquired a new position in shares of KT during the 3rd quarter valued at $81,000. Westpac Banking Corp purchased a new stake in KT during the 4th quarter worth $157,000. SG Americas Securities LLC purchased a new stake in KT during the 4th quarter worth $163,000. Finally, Arkadios Wealth Advisors acquired a new stake in KT in the 3rd quarter valued at $198,000. 18.86% of the stock is owned by institutional investors and hedge funds.

About KT

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.