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.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Standard Life Investments LTD raised its holdings in KT by 26.9% in the 2nd quarter. Standard Life Investments LTD now owns 7,241,821 shares of the technology company’s stock valued at $120,612,000 after acquiring an additional 1,533,615 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in KT by 17.7% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,013,602 shares of the technology company’s stock valued at $27,929,000 after acquiring an additional 302,870 shares during the last quarter. SG Americas Securities LLC acquired a new position in KT in the 3rd quarter valued at $26,475,000. Rockefeller Financial Services Inc. raised its holdings in KT by 3.4% in the 3rd quarter. Rockefeller Financial Services Inc. now owns 1,717,016 shares of the technology company’s stock valued at $23,815,000 after acquiring an additional 55,717 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in KT by 6.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,503,468 shares of the technology company’s stock valued at $20,854,000 after acquiring an additional 93,388 shares during the last quarter. Institutional investors own 23.74% of the company’s stock.

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About KT

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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