KT (NYSE:KT) Downgraded by StockNews.com to Buy

StockNews.com cut shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research note published on Thursday morning.

Separately, UBS Group started coverage on KT in a report on Wednesday. They set a “buy” rating on the stock.

KT Price Performance

Shares of NYSE KT opened at $17.56 on Thursday. The stock’s 50-day simple moving average is $16.59 and its 200-day simple moving average is $15.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market capitalization of $9.05 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. KT has a fifty-two week low of $12.10 and a fifty-two week high of $18.45.

KT (NYSE:KT) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. As a group, equities research analysts forecast that KT will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On KT

A number of hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new stake in KT in the 4th quarter valued at $36,000. Principal Securities Inc. increased its stake in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,544 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after buying an additional 4,464 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after buying an additional 2,902 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in shares of KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after buying an additional 2,667 shares during the last quarter. 18.86% of the stock is currently 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.