KT (NYSE:KT) Stock Rating Lowered by StockNews.com

KT (NYSE:KT) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

KT Price Performance

Shares of KT stock opened at $17.33 on Friday. KT has a twelve month low of $12.10 and a twelve month high of $18.45. The company has a market capitalization of $8.94 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $16.59 and a 200-day simple moving average of $15.56.

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

Institutional Trading of KT

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC boosted its stake in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,667 shares during the last quarter. Truist Financial Corp bought a new position in shares of KT during the fourth quarter worth about $181,000. Principal Securities Inc. grew its stake in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares in the last quarter. Rhumbline Advisers increased its holdings in KT by 57.4% in the fourth quarter. Rhumbline Advisers now owns 90,816 shares of the technology company’s stock valued at $1,409,000 after buying an additional 33,119 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in KT in the fourth quarter valued at about $182,000. 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.