KT Corp (NYSE:KT) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

KT has been the subject of several other research reports. Nomura upgraded shares of KT Corp from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of KT Corp from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, August 1st.

KT Corp (NYSE:KT) traded down 1.17% during midday trading on Friday, hitting $16.93. 856,629 shares of the stock traded hands. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 13.14 and a beta of 0.46. The company has a 50-day moving average price of $17.32 and a 200 day moving average price of $16.41. KT Corp has a one year low of $13.43 and a one year high of $18.82.

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A number of hedge funds have recently added to or reduced their stakes in KT. Hexavest Inc. acquired a new stake in KT Corp during the second quarter valued at $112,000. Parallel Advisors LLC raised its stake in KT Corp by 775.0% in the first quarter. Parallel Advisors LLC now owns 7,586 shares of the technology company’s stock valued at $123,000 after buying an additional 6,719 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in KT Corp during the first quarter valued at $170,000. Janney Montgomery Scott LLC acquired a new stake in KT Corp during the first quarter valued at $171,000. Finally, Signaturefd LLC acquired a new stake in KT Corp during the first quarter valued at $205,000. Hedge funds and other institutional investors own 23.69% of the company’s stock.

KT Corp Company Profile

KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.

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