KT (NYSE:KT) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

KT Stock Up 1.5 %

KT opened at $17.10 on Wednesday. KT has a 52 week low of $12.10 and a 52 week high of $18.45. The business has a 50 day moving average price of $16.45 and a two-hundred day moving average price of $15.75. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The company has a market cap of $8.82 billion, a PE ratio of 9.60, a P/E/G ratio of 0.35 and a beta of 0.95.

KT (NYSE:KT) last issued its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. As a group, research analysts anticipate that KT will post 0.88 EPS for the current year.

Institutional Investors Weigh In On KT

A number of hedge funds have recently added to or reduced their stakes in KT. Wellington Management Group LLP raised its stake in shares of KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock worth $153,913,000 after buying an additional 7,901,522 shares in the last quarter. Capital International Investors purchased a new position in KT in the fourth quarter worth $135,833,000. Robeco Institutional Asset Management B.V. lifted its holdings in KT by 29.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock valued at $72,507,000 after acquiring an additional 1,063,736 shares during the period. North of South Capital LLP boosted its position in shares of KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after purchasing an additional 4,049,439 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of KT during the 4th quarter worth $59,145,000. Institutional investors and hedge funds 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.