StockNews.com Upgrades KT (NYSE:KT) to “Strong-Buy”

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a report released on Thursday morning.

KT Price Performance

KT stock opened at $17.46 on Thursday. The firm has a market capitalization of $9.00 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.42 and a beta of 0.95. KT has a 12-month low of $12.10 and a 12-month high of $18.45. The firm has a 50-day moving average price of $16.33 and a 200-day moving average price of $15.35. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last announced its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. As a group, equities research analysts forecast that KT will post 0.85 EPS for the current year.

Institutional Trading of KT

A number of hedge funds and other institutional investors have recently bought and sold shares of KT. R Squared Ltd bought a new position in shares of KT in the fourth quarter worth about $36,000. Venturi Wealth Management LLC boosted its position in KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after buying an additional 4,464 shares during the period. GAMMA Investing LLC grew its stake in KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after acquiring an additional 2,902 shares in the last quarter. MML Investors Services LLC bought a new position in KT in the 3rd quarter worth about $160,000. Finally, Private Advisor Group LLC purchased a new position in shares of KT during the third quarter worth approximately $164,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

About KT

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.