KT Corp.: Dividend Too Inconsistent For Income Investors (Rating Downgrade) [Seeking Alpha]
KT Corporation (KT)
US:NYSE Investor Relations:
corp.kt.com/eng/html/investors/main.html
Company Research
Source: Seeking Alpha
KT Corporation offers a modest 2% dividend yield, with inconsistent payments influenced by the South Korean Won to US Dollar exchange rate. The stock trades at a significant discount to book value (0.53 price/book ratio), but faces intense competition from SK Telecom and LG U-plus. KT is a mature company with limited growth prospects, trading at a P/E ratio of 10.30, and narrow revenue growth is expected. Despite recent stock performance, I rate KT a hold due to lack of catalysts for price rise and insufficiently reliable dividends for income investors. Sunwoo Jung For income investors, telecommunications companies are one of the typical sweet spots. This is especially true for foreign telecom companies, which often pay higher yields than their large domestic counterparts. In 2017 , I wrote an article about KT Corporation ( NYSE: KT ), at the time I concluded the stock was a buy because of both its online TV offerings and its reduction in debt. The company hasn't done a l
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News
- KT Co. (NYSE: KT) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- KT Corp (KT) Q3 2024 Earnings Call Highlights: Strong Operating Income Growth Amid Revenue ... [Yahoo! Finance]Yahoo! Finance
- KT Co. (NYSE: KT) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- KT Corp (XKRX:030200) Q3 2024: Everything You Need to Know Ahead of Earnings [Yahoo! Finance]Yahoo! Finance
- South Korea Colocation Existing & Upcoming Data Center Portfolio Report 2024-2028: White-floor Space (Square Feet), Current and Future IT Load Capacity, Retail & Whole Colocation Pricing, [Yahoo! Finance]Yahoo! Finance
KT
Analyst Actions
- 9/10/24 - New Street Research
KT
Sec Filings
- 11/13/24 - Form SC
- 11/8/24 - Form 6-K
- 11/5/24 - Form 6-K
- KT's page on the SEC website