KT Corp (NYSE:KT) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company.
Several research analysts have weighed in on KT shares. Morgan Stanley cut KT from an “equal weight” rating to an “underweight” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded KT from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded KT from a “hold” rating to a “buy” rating in a research report on Monday, November 27th. Credit Suisse Group cut KT from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, TheStreet cut KT from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th.
Shares of KT (NYSE:KT) opened at $13.24 on Friday. KT has a 12 month low of $12.70 and a 12 month high of $18.82. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $6,750.00, a price-to-earnings ratio of 8.95, a P/E/G ratio of 0.72 and a beta of 0.48.
A number of hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC increased its position in KT by 27.3% during the 4th quarter. Citadel Advisors LLC now owns 25,704 shares of the technology company’s stock worth $401,000 after buying an additional 5,516 shares during the period. Wetherby Asset Management Inc. increased its position in KT by 12.7% during the 4th quarter. Wetherby Asset Management Inc. now owns 58,478 shares of the technology company’s stock worth $913,000 after buying an additional 6,569 shares during the period. ETRADE Capital Management LLC bought a new position in KT during the 4th quarter worth $190,000. Landscape Capital Management L.L.C. bought a new position in KT during the 4th quarter worth $218,000. Finally, Bank of New York Mellon Corp increased its position in KT by 26.5% during the 4th quarter. Bank of New York Mellon Corp now owns 79,521 shares of the technology company’s stock worth $1,241,000 after buying an additional 16,671 shares during the period. Hedge funds and other institutional investors own 24.26% of the company’s stock.
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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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