KT (NYSE:KT) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of KT (NYSE:KT) from a buy rating to a hold rating in a report released on Saturday morning.

Several other research firms also recently commented on KT. Weiss Ratings raised shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, March 17th. Zacks Research raised shares of KT from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

KT Stock Down 3.2%

KT opened at $21.96 on Friday. The firm has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $20.24. KT has a 52 week low of $17.54 and a 52 week high of $24.58. The company has a market capitalization of $10.59 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.20 and a beta of 0.64. The company has a quick ratio of 1.16, a current ratio of 1.20 and a debt-to-equity ratio of 0.43.

KT (NYSE:KT) last released its quarterly earnings data on Monday, April 13th. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). KT had a net margin of 6.15% and a return on equity of 9.20%. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.69 billion. Analysts forecast that KT will post 2.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. DGS Capital Management LLC lifted its holdings in shares of KT by 1.4% in the 4th quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock valued at $3,323,000 after acquiring an additional 2,400 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of KT by 59.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 97,145 shares of the technology company’s stock valued at $1,843,000 after acquiring an additional 36,105 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of KT in the 4th quarter valued at about $1,047,000. Arax Advisory Partners lifted its holdings in shares of KT by 512.7% in the 4th quarter. Arax Advisory Partners now owns 10,918 shares of the technology company’s stock valued at $207,000 after acquiring an additional 9,136 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of KT by 105.6% in the 4th quarter. Arkadios Wealth Advisors now owns 20,853 shares of the technology company’s stock valued at $396,000 after acquiring an additional 10,712 shares during the last quarter. 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.