KT (KT) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of KT (NYSE:KT) from a hold rating to a sell rating in a research report report published on Wednesday.

According to Zacks, “KT Corporation provides telecommunication services. Its services include mobile telecommunications services, telephone services, fixed-line and VoIP telephone services. The Company also provides interconnection services to other telecommunications companies, broadband Internet access services and other Internet-related services. It also offers information technology and network services, including consulting, designing, building, and maintaining of systems and communication networks. KT Corporation, formerly known as Korea Telecom Corp., is headquartered in Sungnam, South Korea. “

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Other equities research analysts also recently issued reports about the stock. Credit Suisse Group downgraded shares of KT from an outperform rating to a neutral rating in a research report on Tuesday, February 6th. ValuEngine raised shares of KT from a hold rating to a buy rating in a research report on Monday, November 27th. Morgan Stanley downgraded shares of KT from an equal weight rating to an underweight rating in a research report on Thursday, January 11th. Nomura downgraded shares of KT from a buy rating to a neutral rating in a research report on Tuesday, February 6th. Finally, CLSA downgraded shares of KT from an outperform rating to an underperform rating in a research report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $18.00.

Shares of KT stock opened at $13.00 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. KT has a 52-week low of $12.70 and a 52-week high of $18.82.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ETRADE Capital Management LLC purchased a new position in KT in the fourth quarter valued at about $190,000. Landscape Capital Management L.L.C. purchased a new position in KT in the fourth quarter valued at about $218,000. Zeke Capital Advisors LLC purchased a new stake in shares of KT during the 4th quarter valued at approximately $268,000. Hosking Partners LLP purchased a new stake in shares of KT during the 3rd quarter valued at approximately $343,000. Finally, Citadel Advisors LLC lifted its stake in shares of KT by 27.3% during the 4th quarter. Citadel Advisors LLC now owns 25,704 shares of the technology company’s stock valued at $401,000 after buying an additional 5,516 shares in the last quarter. Hedge funds and other institutional investors own 26.58% of the company’s stock.

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KT Company Profile

KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.

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