KT (NYSE:KT) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of KT (NYSE:KTFree Report) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.

KT Price Performance

Shares of KT opened at $14.30 on Wednesday. The company has a 50 day moving average price of $13.89 and a 200-day moving average price of $13.12. KT has a fifty-two week low of $11.04 and a fifty-two week high of $15.35. The stock has a market capitalization of $7.32 billion, a PE ratio of 7.94, a PEG ratio of 1.44 and a beta of 0.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.10 and a current ratio of 1.15.

KT (NYSE:KTGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter. The firm had revenue of $5.08 billion during the quarter. KT had a net margin of 4.56% and a return on equity of 6.42%. Equities analysts predict that KT will post 1.42 earnings per share for the current fiscal year.

Institutional Trading of KT

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC purchased a new position in KT during the second quarter valued at $27,000. GAMMA Investing LLC acquired a new stake in shares of KT in the fourth quarter valued at about $28,000. Glassman Wealth Services raised its position in shares of KT by 63.5% in the fourth quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock valued at $32,000 after buying an additional 911 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of KT by 1,292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock valued at $41,000 after buying an additional 2,831 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of KT by 152.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock valued at $41,000 after buying an additional 1,821 shares during the last quarter. Institutional investors and hedge funds own 20.75% of the company’s stock.

About KT

(Get Free Report)

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.

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