KT (NYSE:KT) Stock Rating Lowered by Wall Street Zen

Wall Street Zen lowered shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.

Several other equities analysts have also recently issued reports on KT. The Goldman Sachs Group raised KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd. UBS Group assumed coverage on KT in a research note on Wednesday, February 19th. They issued a “buy” rating for the company.

KT Trading Down 1.4%

Shares of NYSE KT opened at $19.11 on Tuesday. The firm’s 50 day moving average price is $18.37 and its 200-day moving average price is $17.29. KT has a 52-week low of $13.11 and a 52-week high of $20.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The company has a market cap of $9.86 billion, a PE ratio of 10.74, a P/E/G ratio of 0.37 and a beta of 0.68.

Institutional Trading of KT

A number of large investors have recently made changes to their positions in KT. Acadian Asset Management LLC lifted its position in KT by 57.4% during the first quarter. Acadian Asset Management LLC now owns 1,988,160 shares of the technology company’s stock valued at $35,190,000 after purchasing an additional 725,164 shares during the period. Jane Street Group LLC lifted its holdings in shares of KT by 107.9% during the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock valued at $4,290,000 after buying an additional 125,702 shares during the period. Ascent Group LLC bought a new position in shares of KT during the 1st quarter valued at $220,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of KT in the 1st quarter worth $811,000. Finally, NewEdge Advisors LLC boosted its stake in shares of KT by 20,894.8% in the 1st quarter. NewEdge Advisors LLC now owns 20,365 shares of the technology company’s stock worth $361,000 after buying an additional 20,268 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

KT Company Profile

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.