Zacks Investment Research Lowers KT (NYSE:KT) to Sell

Zacks Investment Research lowered shares of KT (NYSE:KT) from a hold rating to a sell rating in a report published on Saturday, Zacks.com reports.

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. “

Separately, ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $15.00.

KT opened at $12.05 on Friday. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 0.89 and a beta of 0.38. The firm’s 50-day moving average is $12.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.18 and a current ratio of 1.29. KT has a fifty-two week low of $11.46 and a fifty-two week high of $15.42.

A number of large investors have recently modified their holdings of the business. Carroll Financial Associates Inc. boosted its position in KT by 89.4% during the second quarter. Carroll Financial Associates Inc. now owns 2,091 shares of the technology company’s stock worth $25,000 after purchasing an additional 987 shares during the period. Citigroup Inc. lifted its holdings in shares of KT by 64.5% in the fourth quarter. Citigroup Inc. now owns 4,031 shares of the technology company’s stock worth $57,000 after buying an additional 1,581 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of KT by 15.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,202 shares of the technology company’s stock worth $202,000 after buying an additional 1,871 shares in the last quarter. Standard Life Aberdeen plc lifted its holdings in shares of KT by 1.8% in the fourth quarter. Standard Life Aberdeen plc now owns 142,931 shares of the technology company’s stock worth $2,057,000 after buying an additional 2,588 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of KT by 22.1% in the second quarter. Diversified Trust Co now owns 24,343 shares of the technology company’s stock worth $301,000 after buying an additional 4,401 shares in the last quarter. Hedge funds and other institutional investors own 33.96% of the company’s stock.

KT Company Profile

KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.

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