UBS Group Begins Coverage on KT (NYSE:KT)

Investment analysts at UBS Group started coverage on shares of KT (NYSE:KT) in a report released on Wednesday, Marketbeat Ratings reports. The firm set a “buy” rating on the technology company’s stock.

Separately, StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 12th.

KT Price Performance

KT stock opened at $17.56 on Wednesday. KT has a 12-month low of $12.10 and a 12-month high of $18.45. The stock has a 50-day moving average price of $16.59 and a two-hundred day moving average price of $15.86. 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 company has a market cap of $9.05 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95.

KT (NYSE:KT) last issued its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. As a group, research analysts predict that KT will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC lifted its stake in shares of KT by 18.8% in the third quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company’s stock worth $823,000 after acquiring an additional 7,858 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of KT by 74.9% in the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company’s stock worth $1,650,000 after acquiring an additional 45,941 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of KT by 44.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after acquiring an additional 1,101,669 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of KT in the third quarter worth about $779,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of KT in the third quarter worth about $592,000. Institutional investors and hedge funds own 18.86% of the company’s stock.

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.