KT (NYSE:KT) Downgraded to “Buy” Rating by StockNews.com

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

A number of other research analysts have also recently weighed in on the stock. UBS Group initiated coverage on shares of KT in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd.

KT Trading Up 0.4%

Shares of KT opened at $19.41 on Tuesday. The stock has a market capitalization of $10.01 billion, a PE ratio of 10.90, a P/E/G ratio of 0.37 and a beta of 0.68. The company’s fifty day moving average is $18.30 and its 200 day moving average is $17.24. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT has a fifty-two week low of $13.11 and a fifty-two week high of $20.28.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in KT by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,612,820 shares of the technology company’s stock worth $187,954,000 after buying an additional 388,592 shares during the period. Wellington Management Group LLP raised its position in shares of KT by 2.0% in the 1st quarter. Wellington Management Group LLP now owns 10,115,990 shares of the technology company’s stock worth $179,154,000 after acquiring an additional 198,909 shares in the last quarter. Capital International Investors purchased a new stake in shares of KT during the 4th quarter worth $135,833,000. Robeco Institutional Asset Management B.V. boosted its position in KT by 18.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 5,547,691 shares of the technology company’s stock valued at $98,250,000 after purchasing an additional 875,840 shares in the last quarter. Finally, Ninety One UK Ltd boosted its position in KT by 28.3% during the first quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company’s stock valued at $86,615,000 after purchasing an additional 1,079,860 shares in the last quarter. 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 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.