KT (NYSE:KT) Downgraded by The Goldman Sachs Group

The Goldman Sachs Group lowered shares of KT (NYSE:KT) from a buy rating to a neutral rating in a research report released on Thursday, Marketbeat.com reports.

Separately, StockNews.com upgraded shares of KT from a buy rating to a strong-buy rating in a research note on Monday, July 1st.

KT Price Performance

Shares of NYSE:KT opened at $13.40 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 1.00. The stock has a market capitalization of $6.91 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.94 and a beta of 0.90. The business has a 50-day moving average of $13.38 and a two-hundred day moving average of $13.48. KT has a fifty-two week low of $11.46 and a fifty-two week high of $15.35.

KT (NYSE:KT) last announced its earnings results on Friday, May 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter. KT had a return on equity of 5.55% and a net margin of 4.09%. The firm had revenue of $5 billion during the quarter. On average, equities research analysts predict that KT will post 1.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in shares of KT by 2.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock worth $418,000 after acquiring an additional 886 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in KT by 2.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,011 shares of the technology company’s stock valued at $618,000 after purchasing an additional 905 shares during the period. Glassman Wealth Services grew its position in KT by 63.5% in the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after purchasing an additional 911 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of KT by 3.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 33,494 shares of the technology company’s stock worth $470,000 after purchasing an additional 968 shares during the period. Finally, CWM LLC raised its position in shares of KT by 17.8% during the fourth quarter. CWM LLC now owns 6,869 shares of the technology company’s stock valued at $92,000 after buying an additional 1,037 shares during the last quarter. 18.86% of the stock is owned by institutional investors.

About KT

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.