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

KT (NYSE:KT) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

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

KT Stock Performance

NYSE KT opened at $15.23 on Friday. The company has a market cap of $7.85 billion, a P/E ratio of 9.28, a P/E/G ratio of 1.12 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.01. The stock has a 50-day moving average of $15.46 and a two-hundred day moving average of $14.30. KT has a 1-year low of $12.10 and a 1-year high of $16.24.

KT (NYSE:KT) last released its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The company had revenue of $4.77 billion during the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. As a group, analysts anticipate 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 position in KT by 62.0% in the first 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 in the last quarter. O Shaughnessy Asset Management LLC raised its position in KT by 55.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock worth $5,247,000 after acquiring an additional 133,570 shares in the last quarter. Crewe Advisors LLC purchased a new position in KT in the first quarter worth $98,000. Cloverfields Capital Group LP raised its position in KT by 1.4% in the first quarter. Cloverfields Capital Group LP now owns 119,500 shares of the technology company’s stock worth $1,675,000 after acquiring an additional 1,622 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in KT by 2.4% in the first quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock worth $49,857,000 after acquiring an additional 84,760 shares in the last quarter. Hedge funds and other 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.