KT (NYSE:KT) Reaches New 12-Month Low – Should You Sell?

by · The Cerbat Gem

Shares of KT Corporation (NYSE:KT – Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $17.53 and last traded at $17.5850, with a volume of 67843 shares traded. The stock had previously closed at $17.70.

Analyst Ratings Changes

A number of research analysts have recently commented on KT shares. Weiss Ratings upgraded KT from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday, March 17th. Wall Street Zen cut KT from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Zacks Research downgraded KT from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Finally, Bank of America lowered KT from a “buy” rating to a “neutral” rating and set a $23.08 price objective for the company. in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, KT has a consensus rating of “Hold” and an average price target of $23.08.

View Our Latest Stock Analysis on KT

KT Stock Down 0.7%

The firm has a market capitalization of $8.48 billion, a P/E ratio of 6.98 and a beta of 0.59. The company has a fifty day simple moving average of $21.08 and a 200 day simple moving average of $20.49. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

KT (NYSE:KT – Get Free Report) last issued its quarterly earnings results on Monday, April 13th. The technology company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.69 billion. KT had a net margin of 5.64% and a return on equity of 8.28%. On average, equities analysts expect that KT Corporation will post 2.06 EPS for the current fiscal year.

Institutional Trading of KT

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Systematic Alpha Investments LLC purchased a new position in KT in the first quarter worth about $429,000. EverSource Wealth Advisors LLC grew its holdings in shares of KT by 41.0% during the first quarter. EverSource Wealth Advisors LLC now owns 9,122 shares of the technology company’s stock valued at $196,000 after buying an additional 2,653 shares during the last quarter. Bessemer Group Inc. increased its position in shares of KT by 166.9% during the first quarter. Bessemer Group Inc. now owns 50,093 shares of the technology company’s stock valued at $1,074,000 after acquiring an additional 31,327 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of KT during the first quarter valued at approximately $261,000. Finally, DGS Capital Management LLC raised its holdings in KT by 10.6% in the 1st quarter. DGS Capital Management LLC now owns 193,757 shares of the technology company’s stock worth $4,156,000 after acquiring an additional 18,579 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

KT Company Profile

(Get Free Report)

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.

Further Reading