KT (NYSE:KT) Hits New 12-Month Low at $10.90

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.

Several large investors have recently modified their holdings of KT. Silchester International Investors LLP increased its stake in KT by 2.3% during the second quarter. Silchester International Investors LLP now owns 23,784,273 shares of the technology company’s stock valued at $294,211,000 after purchasing an additional 529,887 shares during the last quarter. Acadian Asset Management LLC increased its stake in KT by 15.4% during the second quarter. Acadian Asset Management LLC now owns 9,863,079 shares of the technology company’s stock valued at $122,007,000 after purchasing an additional 1,319,485 shares during the last quarter. Wells Fargo & Company MN increased its stake in KT by 2.9% during the second quarter. Wells Fargo & Company MN now owns 9,171,205 shares of the technology company’s stock valued at $113,448,000 after purchasing an additional 261,354 shares during the last quarter. Kiltearn Partners LLP increased its stake in KT by 0.8% during the second quarter. Kiltearn Partners LLP now owns 7,699,398 shares of the technology company’s stock valued at $95,242,000 after purchasing an additional 64,173 shares during the last quarter. Finally, BlackRock Inc. increased its stake in KT by 16.5% during the second quarter. BlackRock Inc. now owns 6,031,052 shares of the technology company’s stock valued at $74,605,000 after purchasing an additional 854,193 shares during the last quarter. Institutional investors and hedge funds own 34.70% of the company’s stock.

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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