KT (NYSE:KT) Rating Lowered to Strong Sell at Zacks Research

KT (NYSE:KTGet Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts have also recently commented on KT. Bank of America cut shares of KT from a “buy” rating to a “neutral” rating and set a $23.08 price target for the company. in a research report on Thursday. Weiss Ratings raised shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, March 17th. Finally, Wall Street Zen downgraded shares of KT from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.08.

View Our Latest Analysis on KT

KT Stock Performance

Shares of KT stock opened at $19.59 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.43. KT has a 52 week low of $17.54 and a 52 week high of $24.58. The stock has a market capitalization of $9.45 billion, a PE ratio of 7.80, a P/E/G ratio of 7.61 and a beta of 0.59. The firm has a 50 day moving average of $21.64 and a two-hundred day moving average of $20.49.

KT (NYSE:KTGet Free Report) last issued its quarterly earnings results on Monday, April 13th. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). KT had a net margin of 6.15% and a return on equity of 9.21%. The business had revenue of $4.72 billion during the quarter, compared to analysts’ expectations of $4.69 billion. On average, research analysts predict that KT will post 2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On KT

A number of large investors have recently modified their holdings of KT. Triumph Capital Management purchased a new stake in shares of KT in the 3rd quarter valued at approximately $47,000. Quantbot Technologies LP purchased a new stake in shares of KT in the 3rd quarter valued at approximately $81,000. Westpac Banking Corp purchased a new stake in shares of KT in the 4th quarter valued at approximately $157,000. SG Americas Securities LLC purchased a new stake in shares of KT in the 4th quarter valued at approximately $163,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of KT in the 3rd quarter valued at approximately $198,000. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Company Profile

(Get Free Report)

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.

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