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

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

Separately, UBS Group began coverage on KT in a report on Wednesday. They set a “buy” rating on the stock.

KT Stock Performance

Shares of NYSE KT opened at $17.42 on Thursday. The company has a market cap of $8.98 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.36 and a beta of 0.95. KT has a 52-week low of $12.10 and a 52-week high of $18.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm’s fifty day moving average is $16.59 and its two-hundred day moving average is $15.86.

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%. As a group, analysts anticipate that KT will post 0.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KT. Capital International Investors purchased a new stake in KT during the fourth quarter valued at approximately $135,833,000. Wellington Management Group LLP raised its holdings in KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock valued at $153,913,000 after buying an additional 7,901,522 shares during the period. North of South Capital LLP lifted its position in 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 worth $65,458,000 after buying an additional 4,049,439 shares during the last quarter. Ninety One UK Ltd purchased a new position in KT during the fourth quarter worth $59,145,000. Finally, Robeco Institutional Asset Management B.V. increased its position in KT by 44.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after acquiring an additional 1,101,669 shares during the last quarter. 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.