KT (NYSE:KT) Cut to C at TheStreet

KT (NYSE:KT) was downgraded by TheStreet from a “b-” rating to a “c” rating in a report released on Tuesday, February 6th.

A number of other research firms have also weighed in on KT. Zacks Investment Research raised shares of KT from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Tuesday, January 23rd. Nomura lowered shares of KT from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. CLSA lowered shares of KT from an “outperform” rating to an “underperform” rating in a research report on Wednesday, January 24th. Credit Suisse Group lowered shares of KT from an “outperform” rating to a “neutral” rating in a research report on Tuesday, February 6th. Finally, ValuEngine raised shares of KT from a “hold” rating to a “buy” rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. KT currently has a consensus rating of “Hold” and an average target price of $18.00.

Shares of KT (KT) traded down $0.01 during trading hours on Tuesday, reaching $13.09. 602,010 shares of the company were exchanged, compared to its average volume of 1,154,799. KT has a 12-month low of $12.70 and a 12-month high of $18.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 1.02.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC bought a new stake in shares of KT during the fourth quarter valued at approximately $190,000. Landscape Capital Management L.L.C. bought a new position in KT in the fourth quarter valued at approximately $218,000. Zeke Capital Advisors LLC bought a new position in KT in the fourth quarter valued at approximately $268,000. Hosking Partners LLP bought a new position in KT in the third quarter valued at approximately $343,000. Finally, Citadel Advisors LLC boosted its stake in KT by 27.3% in the fourth quarter. Citadel Advisors LLC now owns 25,704 shares of the technology company’s stock valued at $401,000 after acquiring an additional 5,516 shares during the last quarter. 24.26% of the stock is currently owned by institutional investors and hedge funds.

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About KT

KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.

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