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

KT (NYSE:KT - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Friday.

KT Trading Down 1.5 %

NYSE KT traded down $0.26 during trading hours on Friday, reaching $17.02. The company had a trading volume of 1,234,694 shares, compared to its average volume of 1,174,489. KT has a 1-year low of $12.10 and a 1-year high of $18.45. The stock has a market capitalization of $8.77 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.35 and a beta of 0.95. The stock has a 50-day moving average of $16.59 and a 200 day moving average of $15.57. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 EPS for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. As a group, research analysts anticipate that KT will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KT

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of KT by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company's stock worth $5,021,000 after purchasing an additional 1,244 shares in the last quarter. Marshall Wace LLP lifted its holdings in KT by 352.2% during the 2nd quarter. Marshall Wace LLP now owns 118,045 shares of the technology company's stock worth $1,614,000 after buying an additional 91,940 shares in the last quarter. Creative Planning boosted its position in KT by 36.2% in the 2nd quarter. Creative Planning now owns 136,410 shares of the technology company's stock valued at $1,865,000 after buying an additional 36,241 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of KT by 4.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 267,860 shares of the technology company's stock worth $3,662,000 after acquiring an additional 12,100 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of KT during the second quarter worth $525,000. Hedge funds and other institutional investors own 18.86% of the company's stock.

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.