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 note released on Monday, MarketBeat.com reports.

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

KT Price Performance

NYSE:KT opened at $17.95 on Monday. KT has a one year low of $12.10 and a one year high of $18.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.37 and a beta of 0.95. The firm’s fifty day moving average is $16.81 and its two-hundred day moving average is $16.09.

Institutional Trading of KT

Hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in KT in the 4th quarter valued at about $36,000. Principal Securities Inc. raised its holdings in KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,544 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of KT by 3,915.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after buying an additional 4,464 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after buying an additional 2,902 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after buying an additional 2,667 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.