KT (NYSE:KT) Rating Lowered to Hold at Zacks Research

KT (NYSE:KT) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Wall Street Zen raised KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

KT Price Performance

Shares of NYSE:KT opened at $19.49 on Monday. The business’s fifty day moving average price is $20.17 and its two-hundred day moving average price is $19.54. The stock has a market cap of $10.05 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.15 and a current ratio of 1.19. KT has a one year low of $14.77 and a one year high of $21.61.

KT (NYSE:KT) last announced its earnings results on Friday, September 5th. The technology company reported $1.01 EPS for the quarter. The firm had revenue of $5.31 billion for the quarter. KT had a return on equity of 5.06% and a net margin of 3.35%. On average, analysts forecast that KT will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Park Place Capital Corp raised its position in shares of KT by 66.7% in the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock worth $36,000 after buying an additional 819 shares during the period. Farther Finance Advisors LLC raised its position in KT by 174.8% in the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,447 shares during the period. Bruce G. Allen Investments LLC raised its position in KT by 143.2% in the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company’s stock valued at $42,000 after purchasing an additional 1,396 shares during the period. First Horizon Advisors Inc. raised its position in KT by 506.3% in the second quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,091 shares during the period. Finally, Brooklyn Investment Group raised its position in KT by 1,901.0% in the first quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company’s stock valued at $73,000 after purchasing an additional 3,916 shares during the period. 18.86% of the stock is owned by hedge funds and other institutional investors.

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.