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

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.

KT Trading Down 2.1 %

Shares of NYSE:KT opened at $13.38 on Monday. The company has a market capitalization of $6.90 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.96 and a beta of 0.90. KT has a 1 year low of $11.04 and a 1 year high of $15.35. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 1.00. The business’s 50 day simple moving average is $13.27 and its 200 day simple moving average is $13.51.

KT (NYSE:KT) last issued its quarterly earnings results on Friday, May 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $5 billion for the quarter. KT had a return on equity of 5.55% and a net margin of 4.09%. On average, research analysts anticipate that KT will post 1.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in shares of KT in the 4th quarter worth about $28,000. Glassman Wealth Services raised its position in shares of KT by 63.5% in the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after acquiring an additional 911 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of KT by 1,292.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,831 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of KT by 152.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of KT by 1,227.4% in the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,823 shares in the last quarter. 18.86% of the stock is owned by institutional investors.

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.