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

Zacks Research downgraded shares of KT (NYSE:KT) from a hold rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

KT has been the topic of a number of other reports. Bank of America downgraded shares of KT from a “buy” rating to a “neutral” rating and set a $23.08 price target on the stock. in a research report on Thursday. Wall Street Zen downgraded shares of KT from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings upgraded shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, KT has an average rating of “Hold” and a consensus target price of $23.08.

KT Trading Down 0.6%

NYSE KT opened at $19.59 on Thursday. KT has a 12 month low of $17.54 and a 12 month high of $24.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.19 and a quick ratio of 1.15. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 7.61 and a beta of 0.59. The company’s fifty day moving average price is $21.64 and its two-hundred day moving average price is $20.49.

KT (NYSE:KT) last posted its quarterly earnings results on Monday, April 13th. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). KT had a return on equity of 9.21% and a net margin of 6.15%.The business had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.69 billion. As a group, research analysts predict that KT will post 2.06 earnings per share for the current fiscal year.

Institutional Trading of KT

Large investors have recently modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of KT in the 3rd quarter worth about $47,000. Quantbot Technologies LP acquired a new stake in shares of KT in the 3rd quarter worth about $81,000. Westpac Banking Corp acquired a new stake in shares of KT in the 4th quarter worth about $157,000. SG Americas Securities LLC acquired a new stake in shares of KT in the 4th quarter worth about $163,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of KT in the 3rd quarter worth about $198,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.