KT (NYSE:KT) Downgraded by StockNews.com to Buy

KT (NYSE:KT) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Thursday.

Separately, UBS Group initiated coverage on shares of KT in a report on Wednesday. They set a “buy” rating for the company.

KT Trading Up 0.3 %

KT stock opened at $17.30 on Thursday. The firm has a 50 day moving average of $16.55 and a 200 day moving average of $15.84. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.72, a P/E/G ratio of 0.36 and a beta of 0.95. KT has a 12-month low of $12.10 and a 12-month high of $18.45. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. As a group, research analysts predict that KT will post 0.73 earnings per share for the current year.

Institutional Investors Weigh In On KT

A number of institutional investors have recently added to or reduced their stakes in KT. Wellington Management Group LLP grew its holdings in shares of KT by 392.0% in the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock valued at $153,913,000 after purchasing an additional 7,901,522 shares in the last quarter. Capital International Investors purchased a new position in shares of KT in the fourth quarter valued at $135,833,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of KT by 29.5% in the fourth 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. North of South Capital LLP grew its holdings in shares of KT by 2,407.3% in the fourth quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock valued at $65,458,000 after purchasing an additional 4,049,439 shares in the last quarter. Finally, Ninety One UK Ltd purchased a new position in shares of KT in the fourth quarter valued at $59,145,000. 18.86% of the stock is owned by hedge funds and other institutional investors.

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.