KT (NYSE:KT) Cut to “Buy” at StockNews.com

StockNews.com cut shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a research note released on Thursday morning.

Separately, UBS Group initiated coverage on KT in a research note on Wednesday. They set a “buy” rating for the company.

KT Trading Down 0.8 %

NYSE:KT opened at $17.42 on Thursday. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.37 and a beta of 0.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT has a 1 year low of $12.10 and a 1 year high of $18.45. The stock has a fifty day moving average price of $16.61 and a two-hundred day moving average price of $15.90.

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

Institutional Investors Weigh In On KT

A number of hedge funds have recently bought and sold shares of KT. R Squared Ltd acquired a new stake in KT during the 4th quarter valued at approximately $36,000. Principal Securities Inc. grew its position 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 worth $58,000 after acquiring an additional 1,544 shares in the last quarter. Venturi Wealth Management LLC grew 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 worth $70,000 after acquiring an additional 4,464 shares in the last quarter. GAMMA Investing LLC grew its position in shares of KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock worth $101,000 after acquiring an additional 2,902 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after acquiring an additional 2,667 shares in the last quarter. 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.