KT (NYSE:KT) Rating Lowered to “Buy” at Wall Street Zen

KT (NYSE:KT) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

A number of other brokerages also recently issued reports on KT. Zacks Research downgraded shares of KT from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KT in a report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, KT presently has a consensus rating of “Hold”.

KT Stock Performance

Shares of KT opened at $19.15 on Friday. KT has a 52-week low of $15.49 and a 52-week high of $21.61. The stock’s 50-day simple moving average is $18.51 and its 200 day simple moving average is $19.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 0.15 and a beta of 0.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bruce G. Allen Investments LLC lifted its position in KT by 21.9% during the second quarter. Bruce G. Allen Investments LLC now owns 2,890 shares of the technology company’s stock valued at $60,000 after purchasing an additional 519 shares during the last quarter. GAMMA Investing LLC raised its position in shares of KT by 7.7% during the 3rd quarter. GAMMA Investing LLC now owns 10,845 shares of the technology company’s stock valued at $211,000 after buying an additional 776 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of KT by 8.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 10,768 shares of the technology company’s stock worth $224,000 after acquiring an additional 798 shares during the last quarter. Royal Bank of Canada grew 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 acquiring an additional 1,078 shares in the last quarter. Finally, Burns Matteson Capital Management LLC increased its stake in KT by 20.2% in the third quarter. Burns Matteson Capital Management LLC now owns 11,538 shares of the technology company’s stock valued at $225,000 after acquiring an additional 1,941 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

KT Company Profile

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.