KT (NYSE:KT) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• KT has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in investor sentiment.
• Despite the downgrade, KT has maintained a "buy (b)" rating from Weiss Ratings, and currently holds a consensus rating of "Moderate Buy".
• As of the recent trading session, KT's shares opened at $18.58, with a twelve-month low of $14.79 and a high of $21.61.

KT (NYSE:KT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

KT has been the subject of a number of other reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of KT in a research note on Wednesday. Zacks Research lowered KT from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

KT Trading Down 1.7%

Shares of NYSE KT opened at $18.58 on Friday. KT has a twelve month low of $14.79 and a twelve month high of $21.61. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41. The stock has a fifty day simple moving average of $19.99 and a 200-day simple moving average of $19.60. The stock has a market capitalization of $9.58 billion, a PE ratio of 13.76, a PEG ratio of 0.13 and a beta of 0.70.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings data on Friday, September 5th. The technology company reported $1.01 earnings per share for the quarter. KT had a return on equity of 5.06% and a net margin of 3.35%.The business had revenue of $5.31 billion during the quarter. On average, equities analysts forecast that KT will post 0.73 earnings per share for the current year.

Institutional Trading of KT

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in KT by 7.7% during the 3rd quarter. GAMMA Investing LLC now owns 10,845 shares of the technology company's stock worth $211,000 after buying an additional 776 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in KT by 1.2% during the 2nd quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company's stock worth $67,545,000 after buying an additional 37,744 shares during the last quarter. SG Americas Securities LLC lifted its holdings in KT by 306.5% during the 2nd quarter. SG Americas Securities LLC now owns 76,592 shares of the technology company's stock worth $1,592,000 after buying an additional 57,749 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in KT by 506.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company's stock worth $52,000 after buying an additional 2,091 shares during the last quarter. Finally, AdvisorShares Investments LLC lifted its holdings in KT by 22.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 56,747 shares of the technology company's stock worth $1,179,000 after buying an additional 10,251 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.

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.

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