KT (NYSE:KT) Rating Lowered to “Buy” at StockNews.com

KT (NYSE:KT) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Separately, UBS Group began coverage on shares of KT in a research report on Wednesday. They set a “buy” rating for the company.

KT Stock Performance

Shares of NYSE KT opened at $17.42 on Thursday. The firm’s 50-day moving average price is $16.59 and its 200-day moving average price is $15.86. KT has a 52-week low of $12.10 and a 52-week high of $18.45. The company has a market cap of $8.98 billion, a PE ratio of 9.78, a PEG ratio of 0.36 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

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

Institutional Trading of KT

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vise Technologies Inc. boosted its position in shares of KT by 37.8% in the fourth quarter. Vise Technologies Inc. now owns 53,388 shares of the technology company’s stock worth $829,000 after purchasing an additional 14,639 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of KT during the 4th quarter valued at $1,566,000. Two Sigma Advisers LP boosted its holdings in KT by 38.5% in the 4th quarter. Two Sigma Advisers LP now owns 570,300 shares of the technology company’s stock worth $8,851,000 after buying an additional 158,500 shares during the period. Two Sigma Investments LP increased its stake in KT by 33.3% in the 4th quarter. Two Sigma Investments LP now owns 898,442 shares of the technology company’s stock worth $13,944,000 after buying an additional 224,541 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in KT during the fourth quarter valued at about $6,624,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

About KT

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.