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

StockNews.com lowered shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

Several other brokerages also recently commented on KT. The Goldman Sachs Group downgraded shares of KT from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. New Street Research upgraded KT to a “strong-buy” rating in a research note on Monday, September 9th.

KT Stock Down 7.6 %

Shares of KT stock traded down $1.23 during trading hours on Friday, reaching $14.95. 1,742,338 shares of the company’s stock were exchanged, compared to its average volume of 706,562. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $15.42 and a two-hundred day moving average of $14.22. The stock has a market cap of $7.71 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.00 and a beta of 0.90. KT has a fifty-two week low of $12.10 and a fifty-two week high of $16.24.

KT (NYSE:KT) last issued its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. The company had revenue of $4.77 billion for the quarter. On average, sell-side analysts forecast that KT will post 1.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KT. EverSource Wealth Advisors LLC grew its position in KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after acquiring an additional 1,264 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after purchasing an additional 4,464 shares during the last quarter. Crewe Advisors LLC acquired a new stake in KT in the first quarter valued at approximately $98,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of KT during the second quarter worth $140,000. Finally, Private Advisor Group LLC acquired a new position in shares of KT during the third quarter worth $164,000. Institutional investors and hedge funds 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 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.