KT Downgraded to Buy by StockNews.com

KT Corporation (NYSE:KT) has been recently downgraded by StockNews.com, moving from a "strong-buy" rating to a "buy" rating as detailed in a research report released on Thursday.

In other news, UBS Group has also taken steps to initiate coverage on KT. Their report, issued on Wednesday, placed a "buy" rating on the company.

KT Stock Activity

On Thursday, KT shares opened at $17.30, reflecting a slight increase of 0.3%. The company boasts a market capitalization of approximately $8.92 billion, with a price-to-earnings (P/E) ratio of 9.72 and a P/E/G ratio of 0.36. The stock has a beta value of 0.95, indicating its volatility compared to the market. Currently, KT's fifty-day moving average stands at $16.55, while the 200-day moving average is $15.84. Over the past year, shares have experienced a low of $12.10 and a high of $18.45. Financial metrics reveal a quick ratio of 0.98, a current ratio of 1.04, and a debt-to-equity ratio of 0.28.

KT's most recent quarterly earnings report was released on November 26, where the company announced earnings per share (EPS) of $0.54 for the quarter. The return on equity reported was 6.20%, with a net margin of 4.42%. Analysts are projecting KT to achieve an EPS of $0.73 for the current fiscal year.

Changes in Institutional Holdings

Recent activity among institutional investors shows a dynamic trading landscape for KT shares. R Squared Ltd has initiated a new position in KT, purchasing shares valued at $36,000 during the fourth quarter. Meanwhile, Principal Securities Inc. increased its holdings by an impressive 70.6%, now owning 3,730 shares with a total valuation of $58,000 after acquiring an additional 1,544 shares. Venturi Wealth Management LLC made significant strides, enhancing its stake by 3,915.8% in the third quarter to own 4,578 shares, valued at $70,000. GAMMA Investing LLC raised its holdings by 80.7%, with a new total ownership of 6,497 shares worth $101,000. Finally, Global Retirement Partners LLC increased its holdings by 58.2%, bringing their total possession to 7,253 shares valued at $113,000. Currently, institutional investors control approximately 18.86% of KT's outstanding shares.

Overview of KT Corporation

KT Corporation is a key player in the telecommunications field, offering a wide range of integrated services both domestically within Korea and internationally. The company delivers mobile voice and data services, leveraging advanced technologies such as 5G, 4G LTE, and 3G W-CDMA. In addition, KT provides fixed-line telephone services, including local and international calling as well as voice over Internet Protocol (VoIP) services. Furthermore, they offer broadband Internet and various data communication services, ensuring a comprehensive suite of solutions for their customers.

Conclusion

The recent downgrade by StockNews.com may influence investor sentiment towards KT, even as UBS Group continues to display confidence in the company's performance.

Stocks, Investment, Telecommunications