Morgan Stanley Lowers KT (KT) to Underweight
KT (NYSE:KT) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Thursday, The Fly reports.
Several other brokerages also recently weighed in on KT. Zacks Investment Research downgraded KT from a “buy” rating to a “hold” rating in a report on Saturday, September 23rd. ValuEngine upgraded KT from a “hold” rating to a “buy” rating in a report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. KT has a consensus rating of “Hold” and an average target price of $16.00.
KT (NYSE KT) opened at $15.83 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.06. KT has a 12-month low of $13.74 and a 12-month high of $18.82.
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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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