KT (NYSE:KT) Downgraded to “Buy” Rating by 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 Friday.

Several other equities analysts have also recently weighed in on the company. New Street Research upgraded KT to a “strong-buy” rating in a report on Monday, September 9th. The Goldman Sachs Group cut KT from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th.

KT Stock Performance

NYSE:KT opened at $15.70 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. KT has a 12-month low of $12.10 and a 12-month high of $16.24. The stock has a 50-day moving average price of $15.42 and a 200 day moving average price of $14.25. The stock has a market capitalization of $8.10 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.95 and a beta of 0.90.

KT (NYSE:KT) last released its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. The firm had revenue of $4.77 billion during the quarter. KT had a return on equity of 5.60% and a net margin of 4.07%. Equities research analysts forecast that KT will post 0.96 EPS for the current fiscal year.

Institutional Investors Weigh In On KT

Several institutional investors have recently modified their holdings of KT. Robeco Institutional Asset Management B.V. lifted its stake in shares of KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after purchasing an additional 1,101,669 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of KT by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after purchasing an additional 829,682 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of KT by 245.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after purchasing an additional 804,986 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of KT by 383.2% in the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock valued at $2,345,000 after purchasing an additional 136,021 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of KT by 55.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock valued at $5,247,000 after purchasing an additional 133,570 shares during the last quarter. 18.86% of the stock is owned by 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.