KT (NYSE:KT) Rating Lowered to Buy at 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 morning.

KT Stock Down 1.5 %

NYSE:KT opened at $17.33 on Friday. The stock’s fifty day simple moving average is $16.59 and its 200-day simple moving average is $15.54. The firm has a market capitalization of $8.94 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.36 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. KT has a 12-month low of $12.10 and a 12-month high of $18.45.

KT (NYSE:KT) last issued its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. Equities research analysts expect that KT will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On KT

Several large investors have recently bought and sold shares of KT. Robeco Institutional Asset Management B.V. lifted its holdings in shares of KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock valued at $72,507,000 after purchasing an additional 1,063,736 shares in the last quarter. Ninety One UK Ltd bought a new position in KT in the fourth quarter valued at approximately $59,145,000. Ninety One North America Inc. bought a new position in KT in the fourth quarter valued at approximately $12,749,000. FMR LLC increased its position in shares of KT by 10.1% during the third quarter. FMR LLC now owns 711,072 shares of the technology company’s stock worth $10,936,000 after acquiring an additional 65,415 shares in the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of KT during the third quarter worth $7,611,000. Institutional investors 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.