KT (KT) Lowered to Neutral at Credit Suisse Group

Credit Suisse Group downgraded shares of KT (NYSE:KT) from an outperform rating to a neutral rating in a report released on Tuesday, Marketbeat reports.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised KT from a hold rating to a buy rating and set a $18.00 price objective for the company in a report on Tuesday, January 23rd. Nomura cut KT from a buy rating to a neutral rating in a report on Tuesday. CLSA cut KT from an outperform rating to an underperform rating in a report on Wednesday, January 24th. ValuEngine raised KT from a hold rating to a buy rating in a report on Monday, November 27th. Finally, Morgan Stanley cut KT from an equal weight rating to an underweight rating in a report on Thursday, January 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $18.00.

KT (NYSE:KT) opened at $13.33 on Tuesday. KT has a 1-year low of $13.33 and a 1-year high of $18.82. The company has a quick ratio of 1.02, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd raised its holdings in shares of KT by 59.4% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 8,823,114 shares of the technology company’s stock worth $137,729,000 after acquiring an additional 3,288,569 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of KT in the second quarter worth $6,010,000. Rockefeller Financial Services Inc. raised its holdings in shares of KT by 3.4% in the third quarter. Rockefeller Financial Services Inc. now owns 1,717,016 shares of the technology company’s stock worth $23,815,000 after acquiring an additional 55,717 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of KT in the third quarter worth $26,475,000. Finally, Quantbot Technologies LP acquired a new position in shares of KT in the third quarter worth $887,000. 23.91% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This piece was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.com-unik.info/2018/02/09/kt-kt-lowered-to-neutral-at-credit-suisse-group.html.

KT Company Profile

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.

Receive News & Ratings for KT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KT and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit