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

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

KT Price Performance

Shares of KT stock traded up $0.04 during trading hours on Thursday, reaching $12.17. 1,074,259 shares of the company’s stock were exchanged, compared to its average volume of 987,435. KT has a 1 year low of $11.04 and a 1 year high of $15.35. The company has a market capitalization of $6.23 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.27 and a beta of 0.82. The business has a fifty day moving average of $14.01 and a two-hundred day moving average of $13.28. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

KT (NYSE:KT) last released its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter. KT had a net margin of 3.84% and a return on equity of 5.28%. The business had revenue of $5.08 billion during the quarter. As a group, research analysts predict that KT will post 1.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KT

A number of large investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of KT by 7.1% in the first quarter. Bank of New York Mellon Corp now owns 13,213 shares of the technology company’s stock valued at $150,000 after purchasing an additional 878 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of KT by 2.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock valued at $418,000 after purchasing an additional 886 shares during the period. CWM LLC grew its holdings in shares of KT by 17.9% in the third quarter. CWM LLC now owns 5,832 shares of the technology company’s stock valued at $75,000 after purchasing an additional 887 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of KT by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 46,011 shares of the technology company’s stock valued at $618,000 after purchasing an additional 905 shares during the period. Finally, Glassman Wealth Services grew its holdings in shares of KT by 63.5% in the fourth quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock valued at $32,000 after purchasing an additional 911 shares during the period. Hedge funds and other 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 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.