Shares of KT Co. (NYSE:KT) have earned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company.
Several equities analysts have issued reports on the company. Zacks Investment Research cut KT from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. TheStreet cut KT from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Credit Suisse Group cut KT from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 6th. Nomura cut KT from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, CLSA cut KT from an “outperform” rating to an “underperform” rating in a research report on Wednesday, January 24th.
NYSE KT opened at $13.88 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 1.01. KT has a 12-month low of $12.70 and a 12-month high of $18.82. The company has a market cap of $6,800.40, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 0.76 and a beta of 0.56.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zeke Capital Advisors LLC acquired a new stake in shares of KT in the 4th quarter worth approximately $268,000. Raymond James & Associates grew its holdings in shares of KT by 25.6% in the 4th quarter. Raymond James & Associates now owns 112,500 shares of the technology company’s stock worth $1,756,000 after acquiring an additional 22,931 shares during the period. Two Sigma Investments LP grew its holdings in shares of KT by 20.6% in the 4th quarter. Two Sigma Investments LP now owns 1,006,987 shares of the technology company’s stock worth $15,719,000 after acquiring an additional 172,282 shares during the period. Two Sigma Advisers LP grew its holdings in shares of KT by 72.9% in the 4th quarter. Two Sigma Advisers LP now owns 649,574 shares of the technology company’s stock worth $10,140,000 after acquiring an additional 273,900 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of KT by 15.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,016,244 shares of the technology company’s stock worth $15,863,000 after acquiring an additional 133,011 shares during the period. Institutional investors and hedge funds own 26.58% of the company’s stock.
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KT Company Profile
KT Corporation provides telecommunications services in Korea. The company offers fixed-line telephone services, including local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol telephone services, as well as interconnection services; Internet phone services; broadband Internet access and other Internet-related services, including Internet protocol television (IPTV) services; and data communication services, including leased line and dedicated broadband Internet connection services to institutional customers.
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