KT (NYSE:KT) Upgraded at StockNews.com

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

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

KT Price Performance

Shares of NYSE:KT opened at $15.29 on Friday. The firm’s 50 day moving average price is $15.45 and its 200-day moving average price is $14.34. KT has a twelve month low of $12.10 and a twelve month high of $16.24. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $7.89 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90.

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

Institutional Investors Weigh In On KT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KT. Acadian Asset Management LLC raised its stake in KT by 62.0% during the 1st quarter. Acadian Asset Management LLC now owns 327,621 shares of the technology company’s stock worth $4,592,000 after acquiring an additional 125,413 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in KT by 55.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock valued at $5,247,000 after buying an additional 133,570 shares in the last quarter. Crewe Advisors LLC purchased a new stake in KT during the 1st quarter valued at approximately $98,000. Cloverfields Capital Group LP grew its holdings in KT by 1.4% during the 1st quarter. Cloverfields Capital Group LP now owns 119,500 shares of the technology company’s stock valued at $1,675,000 after buying an additional 1,622 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in KT by 2.4% during the 1st quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock valued at $49,857,000 after buying an additional 84,760 shares in the last quarter. Institutional investors own 18.86% of the company’s stock.

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.