UBS Group initiated coverage on shares of KT (NYSE:KT – Free Report) in a report published on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating on the technology company’s stock.
Separately, StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 12th.
KT Stock Up 0.3 %
KT (NYSE:KT – Get Free Report) last issued its earnings results on Tuesday, November 26th. The technology company reported $0.54 EPS for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Analysts forecast that KT will post 0.73 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of KT in the fourth quarter valued at approximately $36,000. Principal Securities Inc. boosted its holdings in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of KT by 3,915.8% in 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 boosted its holdings in shares of KT by 80.7% in the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after purchasing an additional 2,667 shares during the last quarter. Institutional investors and hedge funds 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.
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