KT (NYSE:KT) Stock Rating Upgraded by StockNews.com

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

KT Trading Up 1.2 %

NYSE KT opened at $17.66 on Thursday. KT has a 12 month low of $12.10 and a 12 month high of $18.45. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average price is $16.42 and its 200-day moving average price is $15.39. The stock has a market cap of $9.11 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.39 and a beta of 0.95.

KT (NYSE:KT) last announced its quarterly 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%. As a group, equities analysts forecast that KT will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in KT during the 4th quarter valued at $36,000. Venturi Wealth Management LLC increased its position in KT by 3,915.8% during the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after acquiring an additional 4,464 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after acquiring an additional 2,902 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of KT during the 3rd quarter worth about $160,000. Finally, Private Advisor Group LLC bought a new position in KT during the 3rd quarter valued at about $164,000. 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.