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.

KT Trading Down 1.5 %

KT stock opened at $17.33 on Friday. The business’s 50 day moving average is $16.59 and its 200-day moving average is $15.54. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm has a market cap of $8.94 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.36 and a beta of 0.95. KT has a 1-year low of $12.10 and a 1-year high of $18.45.

KT (NYSE:KT) last posted its earnings results 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%. Equities analysts anticipate that KT will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KT

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