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 report published on Saturday.

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

KT Trading Up 0.6 %

NYSE:KT opened at $15.29 on Friday. The company has a fifty day moving average of $15.45 and a 200 day moving average of $14.34. KT has a 52 week low of $12.10 and a 52 week high of $16.24. 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 capitalization of $7.89 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.11 and a beta of 0.90.

KT (NYSE:KT) last issued its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. The business had revenue of $4.77 billion during the quarter. On average, research analysts predict that KT will post 0.85 earnings per share for the current year.

Institutional Trading of KT

Several institutional investors have recently bought and sold shares of KT. Acadian Asset Management LLC grew its position in KT by 62.0% during the 1st quarter. Acadian Asset Management LLC now owns 327,621 shares of the technology company’s stock valued at $4,592,000 after purchasing an additional 125,413 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in KT by 55.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock valued at $5,247,000 after acquiring an additional 133,570 shares during the period. Crewe Advisors LLC bought a new position in KT during the 1st quarter valued at about $98,000. Cloverfields Capital Group LP lifted its stake in KT by 1.4% during the 1st quarter. Cloverfields Capital Group LP now owns 119,500 shares of the technology company’s stock valued at $1,675,000 after acquiring an additional 1,622 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in KT by 2.4% during the 1st quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock valued at $49,857,000 after acquiring an additional 84,760 shares during the period. 18.86% of the stock is owned by hedge funds and other 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.