KT (NYSE:KT) Raised to Strong-Buy at New Street Research

New Street Research upgraded shares of KT (NYSE:KTFree Report) to a strong-buy rating in a research report sent to investors on Monday morning, Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. The Goldman Sachs Group cut shares of KT from a buy rating to a neutral rating in a report on Thursday, July 11th. StockNews.com raised shares of KT from a buy rating to a strong-buy rating in a report on Friday, August 23rd.

Check Out Our Latest Stock Analysis on KT

KT Price Performance

Shares of KT opened at $15.35 on Monday. KT has a fifty-two week low of $11.73 and a fifty-two week high of $15.58. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.73 and a beta of 0.90. The firm has a 50-day simple moving average of $14.14 and a 200-day simple moving average of $13.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.08.

Hedge Funds Weigh In On KT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in KT by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock worth $141,061,000 after buying an additional 829,682 shares during the period. Acadian Asset Management LLC increased its stake in KT by 245.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock worth $15,476,000 after buying an additional 804,986 shares during the period. Natixis Advisors LLC increased its position in shares of KT by 383.2% in the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock worth $2,345,000 after purchasing an additional 136,021 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of KT by 55.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock worth $5,247,000 after purchasing an additional 133,570 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of KT by 31.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock worth $5,555,000 after purchasing an additional 96,518 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.

KT Company Profile

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KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; 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.

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