KT (NYSE:KT) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a report released on Sunday.

Several other research analysts have also commented on KT. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KT in a research report on Monday, December 22nd. Zacks Research cut shares of KT from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

KT Stock Down 0.0%

KT opened at $19.06 on Friday. KT has a one year low of $15.49 and a one year high of $21.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market capitalization of $9.83 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 0.15 and a beta of 0.67. The business’s 50-day simple moving average is $18.51 and its 200-day simple moving average is $19.56.

Institutional Investors Weigh In On KT

Institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of KT in the 1st quarter valued at approximately $811,000. TD Private Client Wealth LLC grew its holdings in KT by 8.0% during the second quarter. TD Private Client Wealth LLC now owns 10,768 shares of the technology company’s stock worth $224,000 after acquiring an additional 798 shares during the period. Acadian Asset Management LLC raised its position in KT by 57.4% in the first quarter. Acadian Asset Management LLC now owns 1,988,160 shares of the technology company’s stock worth $35,190,000 after acquiring an additional 725,164 shares in the last quarter. Farther Finance Advisors LLC raised its position in KT by 267.4% in the second quarter. Farther Finance Advisors LLC now owns 8,358 shares of the technology company’s stock worth $174,000 after acquiring an additional 6,083 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in KT in the first quarter valued at $766,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

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.