Goldman Sachs downgraded KT Corporation to Neutral from Buy with an unchanged price target of KRW 39,000. The firm is constructive on the company’s “solid” earnings momentum, but sees the stock’s risk/reward on increased shareholder return as fair. Similar to Q1, the analyst expects “muted” revenue growth from KT’s traditional telco business as well as BC Card and content subsidiaries in Q2.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KT: