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 note issued to investors on Monday morning.

KT Trading Up 0.6 %

KT stock opened at $13.37 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.07 and a quick ratio of 1.00. KT has a one year low of $11.04 and a one year high of $15.35. The stock has a market capitalization of $6.90 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.96 and a beta of 0.90. The business’s fifty day moving average is $13.29 and its 200 day moving average is $13.50.

KT (NYSE:KT) last released its quarterly earnings data on Friday, May 24th. The technology company reported $0.57 EPS for the quarter. KT had a return on equity of 5.55% and a net margin of 4.09%. The company had revenue of $5 billion for the quarter. On average, sell-side analysts predict that KT will post 1.79 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KT. Price T Rowe Associates Inc. MD raised its stake in KT by 9.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after purchasing an additional 829,682 shares during the period. Ramirez Asset Management Inc. bought a new stake in KT during the 3rd quarter valued at approximately $1,839,000. O Shaughnessy Asset Management LLC raised 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 purchasing an additional 133,570 shares during the period. Acadian Asset Management LLC raised its stake 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 period. Finally, Boston Partners bought a new stake in KT during the 1st quarter valued at approximately $1,330,000. Institutional investors 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.