KT (NYSE:KT) Rating Increased to Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of KT (NYSE:KT) from a neutral rating to a buy rating in a research report released on Monday, Marketbeat reports.

Several other equities analysts also recently weighed in on KT. UBS Group assumed coverage on KT in a research note on Wednesday, February 19th. They issued a “buy” rating for the company. StockNews.com cut KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

KT Stock Performance

NYSE KT opened at $17.14 on Monday. KT has a 1-year low of $12.10 and a 1-year high of $18.45. The company has a market capitalization of $8.84 billion, a P/E ratio of 9.63, a PEG ratio of 0.37 and a beta of 0.95. The business has a 50 day moving average price of $16.75 and a 200 day moving average price of $16.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

Institutional Investors Weigh In On KT

A number of large investors have recently bought and sold shares of the stock. Qtron Investments LLC grew its holdings in KT by 5.1% during the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company’s stock valued at $210,000 after buying an additional 652 shares during the last quarter. PDS Planning Inc grew its holdings in KT by 6.2% during the 3rd quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock valued at $282,000 after buying an additional 1,065 shares during the last quarter. Ethic Inc. boosted its holdings in shares of KT by 1.0% during the fourth quarter. Ethic Inc. now owns 155,873 shares of the technology company’s stock worth $2,419,000 after purchasing an additional 1,479 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of KT by 3.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company’s stock worth $722,000 after purchasing an additional 1,581 shares during the last quarter. 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.