KT (NYSE:KT) Downgraded to “Hold” Rating by Zacks Research

KT (NYSE:KT) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Wall Street Zen raised shares of KT from a “buy” rating to a “strong-buy” rating in a report on Friday, August 22nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, KT presently has an average rating of “Moderate Buy”.

KT Stock Performance

Shares of KT stock opened at $19.49 on Monday. The company’s 50-day moving average is $20.17 and its 200 day moving average is $19.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.15 and a current ratio of 1.19. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.13 and a beta of 0.72. KT has a one year low of $14.77 and a one year high of $21.61.

KT (NYSE:KT) last announced its quarterly earnings results on Friday, September 5th. The technology company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $5.31 billion for the quarter. KT had a net margin of 3.35% and a return on equity of 5.06%. Sell-side analysts expect that KT will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On KT

A number of institutional investors and hedge funds have recently made changes to their positions in KT. GAMMA Investing LLC boosted its holdings in shares of KT by 2,031.6% in the first quarter. GAMMA Investing LLC now owns 138,492 shares of the technology company’s stock worth $2,453,000 after buying an additional 131,995 shares during the last quarter. Rhumbline Advisers raised its stake in KT by 3.0% during the 1st quarter. Rhumbline Advisers now owns 93,547 shares of the technology company’s stock worth $1,657,000 after acquiring an additional 2,731 shares during the period. Pinnacle Wealth Management Group Inc. raised its stake in KT by 27.9% during the 1st quarter. Pinnacle Wealth Management Group Inc. now owns 24,100 shares of the technology company’s stock worth $427,000 after acquiring an additional 5,250 shares during the period. Park Avenue Securities LLC raised its stake in KT by 15.0% during the 1st quarter. Park Avenue Securities LLC now owns 13,440 shares of the technology company’s stock worth $238,000 after acquiring an additional 1,752 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in KT by 174.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,447 shares during the period. Hedge funds and other 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.