KT (NYSE:KT) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of KT (NYSE:KT) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

A number of other research analysts have also weighed in on KT. Wall Street Zen lowered KT from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Bank of America cut shares of KT from a “buy” rating to a “neutral” rating and set a $23.08 price objective for the company. in a research note on Thursday, May 14th. Finally, Weiss Ratings lowered shares of KT from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.08.

KT Trading Up 0.9%

NYSE:KT opened at $18.52 on Wednesday. KT has a 1 year low of $17.13 and a 1 year high of $24.58. The stock’s fifty day moving average price is $18.09 and its two-hundred day moving average price is $20.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11. The company has a market cap of $8.93 billion, a P/E ratio of 8.19, a P/E/G ratio of 5.15 and a beta of 0.55.

Institutional Trading of KT

A number of large investors have recently modified their holdings of the business. Triumph Capital Management bought a new position in shares of KT in the 3rd quarter worth $47,000. Quantbot Technologies LP bought a new position in KT during the 3rd quarter valued at approximately $81,000. Westpac Banking Corp purchased a new stake in KT in the 4th quarter worth approximately $157,000. SG Americas Securities LLC bought a new stake in shares of KT in the 4th quarter worth approximately $163,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of KT by 41.0% during the first quarter. EverSource Wealth Advisors LLC now owns 9,122 shares of the technology company’s stock valued at $196,000 after buying an additional 2,653 shares during the period. 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.