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New York: KT (NYSE:KT) Rating Cut to “Neutral” by Credit Suisse. Lost Its “Outperform” Rating

Credit Suisse Analyst Rating Change KT NYSE:KT

KT (NYSE:KT) Downgrade of Rating

In an analyst report revealed to clients and investors on Tuesday, 6 February, Credit Suisse lowered shares of KT (NYSE:KT) to “Neutral” Rating from “Outperform” rating.

The rating downgrade was noticed by equity trades, as NYSE:KT is currently trading -3.72% lower at $14.23 as of 12:07 PM New York time. KT’s stock is 0% in the past 200 days. It has underperformed the S&P500 Index, which has risen 6.00% in the same time.

KT Stock Chart

Institutional Ownership

Silchester International Investors Llp had the biggest stake with ownership of 25.81 million shares as of Q2 2015 for 23.4% of the fund portfolio. Mittleman Brothers Llc is another notably bullish institutional investor who is having 1.57 million shares of KT or 10.11% of their fund portfolio. Also, Somerset Capital Management Llp have 6.41% of their fund portfolio invested in the company for 1.38 million shares. The California-based fund Sensato Investors Llc revealed it had purchased so far a stake worth about 4.63% of the institutional investor’s stock portfolio in KT. The United Kingdom-based fund Kiltearn Partners Llp is also positive about the stock, possessing 1.36 million shares or 4.58% of their fund portfolio.

KT (NYSE:KT) 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.

KT (NYSE:KT) traded down -3.72% on 6 February, hitting $14.23. A total of 2.75 million shares of the company’s stock traded hands. This is up from average of 822,428 shares. KT has a 52 week low of $13.77 and a 52 week high of $18.82. The company has a market cap of $6.77 billion and a P/E ratio of 9.87.

Get the latest KT (NYSE:KT) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post New York: KT (NYSE:KT) Rating Cut to “Neutral” by Credit Suisse. Lost Its “Outperform” Rating appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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New York: KT (NYSE:KT) Rating Cut to “Neutral” by Credit Suisse. Lost Its “Outperform” Rating

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