KT - KT Corporation: Hopes Of Positive Change With New CEO
Elevator Pitch
I maintain a Neutral rating on Korean telecommunications service provider KT Corporation (KT) (OTC:KTCNF) [030200:KS].
This is an update of my prior article on KT Corporation published on February 17, 2020. KT Corporation's share price has declined marginally by -6% from KRW25,000 as of February 14, 2020 to KRW24,850 as of June 1, 2020 since my last update. KT Corporation trades at 2.6 times consensus forward next twelve months EV/EBITDA, versus its historical five-year and 10-year mean forward consensus forward next twelve months EV/EBITDA multiples of 2.7 times and