KT (NYSE:KT) Coverage Initiated by Analysts at UBS Group

UBS Group initiated coverage on shares of KT (NYSE:KT) in a research report report published on Wednesday, Marketbeat reports. The firm issued a buy rating on the technology company’s stock.

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

KT Stock Performance

Shares of KT opened at $17.30 on Wednesday. KT has a 12 month low of $12.10 and a 12 month high of $18.45. The firm has a fifty day simple moving average of $16.55 and a 200 day simple moving average of $15.84. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 0.36 and a beta of 0.95. 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 (NYSE:KT) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Research analysts forecast that KT will post 0.73 EPS for the current fiscal year.

Hedge Funds Weigh In On KT

Large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its position 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 valued at $823,000 after purchasing an additional 7,858 shares during the period. JPMorgan Chase & Co. raised its position 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 valued at $1,650,000 after purchasing an additional 45,941 shares during the period. Robeco Institutional Asset Management B.V. raised its position 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 valued at $55,493,000 after purchasing an additional 1,101,669 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of KT in the third quarter valued at about $779,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in KT during the third quarter worth about $592,000. 18.86% of the stock is owned by 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.