StockNews.com upgraded shares of KT (NYSE:KT – Free Report) from a buy rating to a strong-buy rating in a research report report published on Wednesday.
Separately, The Goldman Sachs Group lowered shares of KT from a buy rating to a neutral rating in a report on Thursday, July 11th.
View Our Latest Research Report on KT
KT Stock Down 1.2 %
KT (NYSE:KT – Get Free Report) last announced its quarterly earnings data on Friday, May 24th. The technology company reported $0.57 earnings per share for the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. The business had revenue of $5 billion for the quarter. Sell-side analysts anticipate that KT will post 1.72 EPS for the current fiscal year.
Institutional Investors Weigh In On KT
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in KT in the fourth quarter valued at $28,000. Glassman Wealth Services boosted its position in shares of KT by 63.5% in the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock valued at $32,000 after purchasing an additional 911 shares during the period. Tower Research Capital LLC TRC grew its stake in KT by 1,292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after buying an additional 2,831 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after buying an additional 1,821 shares during the last quarter. Finally, Assetmark Inc. increased its position in KT by 1,227.4% during the fourth quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after buying an additional 2,823 shares during the period. 18.86% of the stock is currently owned by institutional investors and hedge funds.
KT Company Profile
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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