KT (NYSE:KT) Upgraded at StockNews.com

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

KT Price Performance

KT stock opened at $17.10 on Wednesday. The stock has a market cap of $8.82 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 0.35 and a beta of 0.95. The company has a fifty day simple moving average of $16.45 and a 200-day simple moving average of $15.75. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT has a 12-month low of $12.10 and a 12-month high of $18.45.

KT (NYSE:KT) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. Equities analysts expect that KT will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. R Squared Ltd purchased a new stake in KT in the fourth quarter valued at $36,000. Principal Securities Inc. lifted its holdings in shares of 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 purchasing an additional 1,544 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after purchasing an additional 4,464 shares during the period. GAMMA Investing LLC grew its stake in 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 position in KT by 58.2% during the fourth 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 period. 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.