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

StockNews.com lowered shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a report released on Thursday.

KT Stock Up 0.4 %

Shares of NYSE:KT opened at $12.17 on Thursday. The firm has a fifty day moving average price of $13.97 and a two-hundred day moving average price of $13.28. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 1.03. KT has a one year low of $11.04 and a one year high of $15.35. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 7.85, a PEG ratio of 1.25 and a beta of 0.82.

KT (NYSE:KT) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter. KT had a net margin of 3.84% and a return on equity of 5.28%. The firm had revenue of $5.08 billion during the quarter. Analysts anticipate that KT will post 1.9 EPS for the current fiscal year.

Institutional Trading of KT

Several institutional investors and hedge funds have recently made changes to their positions in KT. Silchester International Investors LLP raised its position in KT by 0.3% in the 4th quarter. Silchester International Investors LLP now owns 26,168,715 shares of the technology company’s stock worth $351,708,000 after purchasing an additional 78,600 shares during the period. Morgan Stanley raised its position in KT by 6.8% in the 3rd quarter. Morgan Stanley now owns 9,884,987 shares of the technology company’s stock worth $126,726,000 after purchasing an additional 632,151 shares during the period. Price T Rowe Associates Inc. MD raised its position in KT by 0.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,231,686 shares of the technology company’s stock worth $124,074,000 after purchasing an additional 23,779 shares during the period. Lazard Asset Management LLC raised its position in KT by 165.3% in the 2nd quarter. Lazard Asset Management LLC now owns 5,338,379 shares of the technology company’s stock worth $60,323,000 after purchasing an additional 3,326,251 shares during the period. Finally, Mondrian Investment Partners LTD raised its position in KT by 6.0% in the 3rd quarter. Mondrian Investment Partners LTD now owns 3,150,646 shares of the technology company’s stock worth $40,391,000 after purchasing an additional 179,155 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Company Profile

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.