Shares of KT Corp (NYSE:KT) hit a new 52-week low on Tuesday . The company traded as low as $10.90 and last traded at $11.07, with a volume of 464845 shares changing hands. The stock had previously closed at $10.99.
A number of brokerages have weighed in on KT. Zacks Investment Research cut shares of KT from a “hold” rating to a “sell” rating in a research report on Saturday, July 13th. ValuEngine cut shares of KT from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.
The company has a current ratio of 1.29, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $11.89. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.85 and a beta of 0.40.
About KT (NYSE:KT)
KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.
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