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

KT (NYSE:KT) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other analysts have also recently weighed in on the stock. UBS Group assumed coverage on shares of KT in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd.

KT Price Performance

Shares of KT opened at $19.36 on Tuesday. KT has a 12 month low of $13.11 and a 12 month high of $20.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The stock has a fifty day moving average price of $18.36 and a 200 day moving average price of $17.27. The company has a market cap of $9.98 billion, a P/E ratio of 10.88, a PEG ratio of 0.37 and a beta of 0.68.

Institutional Trading of KT

Hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of KT by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,612,820 shares of the technology company’s stock valued at $187,954,000 after acquiring an additional 388,592 shares in the last quarter. Wellington Management Group LLP raised its holdings in KT by 2.0% during the first quarter. Wellington Management Group LLP now owns 10,115,990 shares of the technology company’s stock worth $179,154,000 after purchasing an additional 198,909 shares in the last quarter. Capital International Investors acquired a new stake in KT in the fourth quarter worth approximately $135,833,000. Robeco Institutional Asset Management B.V. lifted its position in KT by 18.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 5,547,691 shares of the technology company’s stock worth $98,250,000 after purchasing an additional 875,840 shares during the period. Finally, Ninety One UK Ltd boosted its stake in KT by 28.3% during the 1st quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company’s stock valued at $86,615,000 after purchasing an additional 1,079,860 shares in the last quarter. 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.