KT (NYSE:KT) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday morning.

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

KT Stock Performance

Shares of KT stock opened at $19.15 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market cap 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. The stock’s 50-day moving average is $18.51 and its 200-day moving average is $19.58. KT has a one year low of $15.49 and a one year high of $21.61.

Hedge Funds Weigh In On KT

Institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new stake in KT in the third quarter valued at $47,000. First Horizon Advisors Inc. raised its holdings in shares of KT by 506.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company’s stock valued at $52,000 after purchasing an additional 2,091 shares during the period. Bruce G. Allen Investments LLC lifted its stake in KT by 21.9% in the 2nd 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. Quantbot Technologies LP bought a new position in KT during the third quarter worth about $81,000. Finally, Farther Finance Advisors LLC grew its holdings in KT by 267.4% during the second quarter. Farther Finance Advisors LLC now owns 8,358 shares of the technology company’s stock worth $174,000 after purchasing an additional 6,083 shares during the period. 18.86% of the stock is currently owned by institutional investors and hedge funds.

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.