KT (NYSE:KT) Sets New 1-Year Low – Time to Sell?

KT Corporation (NYSE:KT) hit a new 52-week low during trading on Monday . The company traded as low as $17.34 and last traded at $17.42, with a volume of 93894 shares. The stock had previously closed at $17.65.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KT. Zacks Research downgraded KT from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Bank of America cut shares of KT from a “buy” rating to a “neutral” rating and set a $23.08 price target for the company. in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of KT in a research report on Friday, June 12th. Finally, Wall Street Zen lowered shares of KT from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, KT presently has a consensus rating of “Hold” and an average price target of $23.08.

KT Price Performance

The stock has a 50 day moving average of $19.50 and a two-hundred day moving average of $20.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.11 and a current ratio of 1.15. The firm has a market capitalization of $8.33 billion, a P/E ratio of 7.65 and a beta of 0.53.

KT (NYSE:KT) last announced its earnings results on Monday, April 13th. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $4.72 billion during the quarter, compared to the consensus estimate of $4.69 billion. KT had a return on equity of 8.04% and a net margin of 5.51%. Sell-side analysts predict that KT Corporation will post 2.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KT. Janney Montgomery Scott LLC lifted its holdings in shares of KT by 1.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 33,164 shares of the technology company’s stock worth $711,000 after acquiring an additional 470 shares during the period. Royal Bank of Canada raised its position in KT by 1.1% in the first quarter. Royal Bank of Canada now owns 102,808 shares of the technology company’s stock worth $1,820,000 after purchasing an additional 1,078 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in KT by 10.1% during the fourth quarter. Farther Finance Advisors LLC now owns 12,826 shares of the technology company’s stock worth $243,000 after purchasing an additional 1,172 shares during the period. Triumph Capital Management bought a new position in KT during the third quarter worth about $47,000. Finally, DGS Capital Management LLC boosted its holdings in KT by 1.4% during the fourth quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock valued at $3,323,000 after purchasing an additional 2,400 shares in the last quarter. 18.86% of the stock is owned by institutional investors.

About KT

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.