KT (NYSE:KT) Raised 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 note issued to investors on Saturday.

Separately, New Street Research raised KT to a “strong-buy” rating in a research note on Monday, September 9th.

KT Stock Performance

Shares of NYSE KT opened at $15.35 on Friday. KT has a 1 year low of $12.10 and a 1 year high of $16.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The stock has a market cap of $7.92 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. The firm has a fifty day moving average price of $15.45 and a 200-day moving average price of $14.36.

KT (NYSE:KT) last posted its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. The company had revenue of $4.77 billion for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. Equities analysts anticipate that KT will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KT

Large investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. boosted its position in KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock valued at $55,493,000 after buying an additional 1,101,669 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of KT by 9.0% in the first 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 last quarter. Acadian Asset Management LLC lifted its stake in shares of KT by 245.7% during the second 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. National Bank of Canada FI purchased a new stake in shares of KT during the third quarter valued at $7,611,000. Finally, 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 valued at $2,345,000 after acquiring an additional 136,021 shares during the period. 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.