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

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 on Thursday.

KT Stock Performance

KT opened at $12.20 on Thursday. The firm’s fifty day simple moving average is $13.93 and its two-hundred day simple moving average is $13.27. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 1.25 and a beta of 0.82. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. KT has a 52-week low of $11.04 and a 52-week high of $15.35.

KT (NYSE:KT) last issued its earnings results on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter. KT had a net margin of 3.84% and a return on equity of 5.28%. The business had revenue of $5.08 billion during the quarter. Equities analysts anticipate that KT will post 1.9 earnings per share for the current fiscal year.

Institutional Trading of KT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KT. GAMMA Investing LLC acquired a new position in KT in the 4th quarter valued at $28,000. Glassman Wealth Services boosted its position in shares of KT by 63.5% during the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after purchasing an additional 911 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,821 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of KT by 1,292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,831 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,823 shares in 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 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.