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

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

KT Trading Down 0.0 %

Shares of KT stock opened at $16.96 on Thursday. KT has a 12-month low of $12.10 and a 12-month high of $18.45. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 9.53, a PEG ratio of 0.41 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $16.29 and its 200-day moving average price is $15.33.

KT (NYSE:KT) last posted its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. On average, equities analysts expect that KT will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its position in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after buying an additional 4,464 shares during the period. GAMMA Investing LLC raised its position in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after purchasing an additional 2,902 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of KT in the 3rd quarter worth about $160,000. Private Advisor Group LLC purchased a new position in shares of KT in the 3rd quarter worth about $164,000. Finally, Park Avenue Securities LLC purchased a new position in shares of KT in the 4th quarter worth about $181,000. 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.