KT Corporation (NYSE:KT – Get Free Report)’s share price hit a new 52-week low on Monday . The stock traded as low as $17.34 and last traded at $17.42, with a volume of 93894 shares trading hands. The stock had previously closed at $17.65.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Wall Street Zen cut shares of KT from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KT in a research note on Friday, June 12th. Zacks Research downgraded shares of KT from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Finally, Bank of America cut shares of KT from a “buy” rating to a “neutral” rating and set a $23.08 target price for the company. in a report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, KT presently has a consensus rating of “Hold” and an average price target of $23.08.
Check Out Our Latest Research Report on KT
KT Price Performance
KT (NYSE:KT – Get Free Report) last posted its quarterly earnings data on Monday, April 13th. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). KT had a return on equity of 8.04% and a net margin of 5.51%.The company had revenue of $4.72 billion for the quarter, compared to analyst estimates of $4.69 billion. On average, analysts anticipate that KT Corporation will post 2.03 EPS for the current year.
Hedge Funds Weigh In On KT
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KT. Triumph Capital Management purchased a new position in KT during the 3rd quarter worth approximately $47,000. Quantbot Technologies LP acquired a new stake in shares of KT in the third quarter worth $81,000. Westpac Banking Corp purchased a new position in shares of KT during the fourth quarter valued at $157,000. SG Americas Securities LLC acquired a new position in KT during the fourth quarter valued at $163,000. Finally, EverSource Wealth Advisors LLC raised its position in KT by 41.0% during the first quarter. EverSource Wealth Advisors LLC now owns 9,122 shares of the technology company’s stock valued at $196,000 after buying an additional 2,653 shares during the period. Institutional investors and hedge funds own 18.86% of the company’s stock.
KT Company Profile
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.
See Also
- Five stocks we like better than KT
- Gold’s 2026 Rally Has Cracked—Is It Time to Buy the Pullback?
- 5 Tech Stocks to Buy on the July Pullback
- Is OpenAI’s IPO Delay a Warning for AI Investors?
- onsemi: What the Market Gets Wrong, You Can Get Right
Receive News & Ratings for KT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KT and related companies with MarketBeat.com's FREE daily email newsletter.
