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

KT (NYSE:KT) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Separately, New Street Research upgraded KT to a “strong-buy” rating in a report on Monday, September 9th.

KT Stock Down 0.2 %

KT opened at $15.23 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market cap of $7.85 billion, a P/E ratio of 9.28, a PEG ratio of 1.12 and a beta of 0.90. KT has a 52 week low of $12.10 and a 52 week high of $16.24. The business’s fifty day simple moving average is $15.46 and its 200 day simple moving average is $14.30.

KT (NYSE:KT) last issued its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. The firm had revenue of $4.77 billion for the quarter. As a group, equities research analysts anticipate that KT will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On KT

Several hedge funds have recently modified their holdings of the stock. MML Investors Services LLC purchased a new stake in KT during the 3rd quarter worth approximately $160,000. XTX Topco Ltd purchased a new stake in KT during the 3rd quarter worth approximately $214,000. National Bank of Canada FI purchased a new stake in KT during the 3rd quarter worth approximately $7,611,000. Quantinno Capital Management LP increased its holdings in KT by 43.0% during the 3rd quarter. Quantinno Capital Management LP now owns 58,099 shares of the technology company’s stock worth $894,000 after purchasing an additional 17,476 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in KT during the 3rd quarter worth approximately $191,000. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

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.