The stock of KT Corporation (NYSE:KT) last traded at $13.92, down -3.00% from the previous session.
Data from the available sources indicates that KT Corporation (NYSE:KT) is covered by 14 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $15.85, we find $17.13. Given the previous closing price of $14.35, this indicates a potential upside of 19.37 percent. KT stock price is now 2.98% away from the 50-day moving average and 0.73% away from the 200-day moving average. The market capitalization of the company currently stands at $7.19B.
In total, 0 analysts have assigned it a hold rating, and 13 have given it a buy rating. Brokers who have rated the stock have averaged $17.56 as their price target over the next twelve months.
, while ‘Nomura’ rates the stock as ‘Neutral’.
A total of 5.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KT stock. A new stake in KT Corporation shares was purchased by CLARK CAPITAL MANAGEMENT GROUP, INC. during the first quarter worth $21,828,000. DORSEY WRIGHT & ASSOCIATES invested $3,543,000 in shares of KT during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in KT Corporation valued at approximately $2,219,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in KT for approximately $2,187,000. REDMONT WEALTH ADVISORS LLC purchased a new stake in KT valued at around $1,189,000 in the second quarter. In total, there are 206 active investors with 22.10% ownership of the company’s stock.
With an opening price of $14.05 on Wednesday morning, KT Corporation (NYSE: KT) set off the trading day. During the past 12 months, KT Corporation has had a low of $11.56 and a high of $15.30. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 1.20, and a quick ratio of 1.20. The fifty day moving average price for KT is $13.52 and a two-hundred day moving average price translates $13.82 for the stock.
The latest earnings results from KT Corporation (NYSE: KT) was released for Jun, 2022. The net profit margin was 5.50% and return on equity was 9.30% for KT. The company reported revenue of $4.53 billion for the quarter, compared to $5.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -18.97 percent.
Moreover, the firm recently paid out its quarterly dividend on 05/04/2022. Investors who held shares on 12/31/2021 were paid a $0.754702 dividend. On an annualized basis, this represents a $0.76 dividend and a 5.42% percent yield. There was an ex-dividend date of 12/30/2021 for this dividend.
KT Corporation(KT) Company Profile
KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services. It also provides media and content services, including IPTV, satellite TV, digital music, e-commerce, online advertising consulting, and digital comics and novels services; and credit card processing and other financial services. In addition, the company offers information technology and network services, and satellite services; sells handsets and miscellaneous telecommunications equipment; develops and sells residential units and commercial real estate; and rents real estate properties. Further, it maintains public telephones; offers security, B2C and B2B, investment fund, software development and data processing, value added network, system integration and maintenance, mobile marketing, PCS distribution, satellite broadcasting, cloud system implementation, network installation and management, and data center development and related services. Additionally, the company is involved in the Internet banking ASP and security solutions, residential building development and supply, sports group management, technology business finance, software development and supply, submarine cable construction and maintenance, and trunk radio systems businesses. As of December 31, 2020, the company served approximately 22.3 million mobile subscribers and 8.8 million IPTV subscribers. The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Seongnam, South Korea.