StockNews.com downgraded shares of KT (NYSE:KT – Free Report) from a strong-buy rating to a buy rating in a research report released on Thursday morning.
Separately, The Goldman Sachs Group cut KT from a buy rating to a neutral rating in a research note on Thursday, July 11th.
View Our Latest Stock Report on KT
KT Price Performance
KT (NYSE:KT – Get Free Report) last issued its earnings results on Friday, May 24th. The technology company reported $0.57 earnings per share for the quarter. KT had a return on equity of 5.55% and a net margin of 4.09%. The firm had revenue of $5 billion for the quarter. Equities research analysts expect that KT will post 1.72 EPS for the current year.
Institutional Investors Weigh In On KT
A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of KT in the fourth quarter valued at $28,000. Glassman Wealth Services increased 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 buying an additional 911 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in KT by 1,292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,831 shares during the period. EverSource Wealth Advisors LLC raised its stake in KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock valued at $41,000 after purchasing an additional 1,821 shares during the period. Finally, Assetmark Inc. raised its stake in KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,823 shares during the period. 18.86% of the stock is currently owned by institutional investors and hedge funds.
About KT
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.
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