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

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.

KT Price Performance

Shares of KT stock opened at $17.66 on Thursday. The business’s fifty day moving average is $16.42 and its 200 day moving average is $15.41. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 0.39 and a beta of 0.95. KT has a twelve month low of $12.10 and a twelve month high of $18.45.

KT (NYSE:KT) last released its earnings results 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%. Research analysts expect that KT will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KT. PDS Planning Inc lifted its stake in shares of KT by 6.2% in the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock worth $282,000 after buying an additional 1,065 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in KT by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock worth $5,021,000 after acquiring an additional 1,244 shares during the last quarter. Bleakley Financial Group LLC lifted its position in KT by 5.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock valued at $433,000 after acquiring an additional 1,487 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in KT by 3.5% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company’s stock valued at $722,000 after purchasing an additional 1,581 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of KT by 11.8% in the 3rd quarter. Signaturefd LLC now owns 21,044 shares of the technology company’s stock worth $324,000 after purchasing an additional 2,226 shares in the last quarter. Institutional investors 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.