KT (NYSE:KT) Shares Gap Down to $13.62

KT Co. (NYSE:KT) gapped down before the market opened on Tuesday . The stock had previously closed at $13.62, but opened at $13.21. KT shares last traded at $13.21, with a volume of 47,418 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on KT. The Goldman Sachs Group downgraded shares of KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 12th.

KT Trading Down 1.6 %

The company has a 50-day moving average price of $13.52 and a two-hundred day moving average price of $13.57. The stock has a market cap of $6.91 billion, a P/E ratio of 8.20, a P/E/G ratio of 1.03 and a beta of 0.91. The company has a current ratio of 1.07, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36.

KT (NYSE:KT) last posted its quarterly earnings data on Friday, May 24th. The technology company reported $0.57 earnings per share for the quarter. The business had revenue of $5 billion for the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. On average, research analysts expect that KT Co. will post 1.72 EPS for the current fiscal year.

Institutional Investors Weigh In On KT

A number of institutional investors and hedge funds have recently modified their holdings of KT. Capstone Investment Advisors LLC increased its stake in KT by 225.4% in the fourth quarter. Capstone Investment Advisors LLC now owns 106,010 shares of the technology company’s stock worth $1,425,000 after purchasing an additional 73,433 shares during the period. Lazard Asset Management LLC grew its holdings in shares of KT by 2.4% in the first quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock worth $49,857,000 after purchasing an additional 84,760 shares during the last quarter. Acadian Asset Management LLC increased its stake in KT by 62.0% in the 1st quarter. Acadian Asset Management LLC now owns 327,621 shares of the technology company’s stock worth $4,592,000 after buying an additional 125,413 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in KT by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after buying an additional 829,682 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in KT by 13.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 88,886 shares of the technology company’s stock valued at $1,195,000 after buying an additional 10,369 shares during the period. 18.86% of the stock is 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.