KT (NYSE:KT) Downgraded 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 report issued on Friday.

Separately, The Goldman Sachs Group cut shares of KT from a “buy” rating to a “neutral” rating in a research report on Thursday.

KT Price Performance

NYSE KT traded up $0.04 on Friday, hitting $13.40. The stock had a trading volume of 826,425 shares, compared to its average volume of 816,199. KT has a 52-week low of $11.46 and a 52-week high of $15.35. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.07. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 0.93 and a beta of 0.90. The firm has a 50-day moving average of $13.38 and a 200-day moving average of $13.48.

KT (NYSE:KT) last posted its quarterly earnings data on Friday, May 24th. The technology company reported $0.57 earnings per share for the quarter. The firm had revenue of $5 billion for the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. Equities analysts expect that KT will post 1.79 EPS for the current year.

Hedge Funds Weigh In On KT

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