KT (NYSE:KT) Raised to Strong-Buy at StockNews.com

KT (NYSE:KT) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

KT Price Performance

Shares of NYSE:KT opened at $17.66 on Thursday. KT has a 1-year low of $12.10 and a 1-year high of $18.45. 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 stock has a market cap of $9.11 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 0.39 and a beta of 0.95. The stock’s fifty day simple moving average is $16.42 and its two-hundred day simple moving average is $15.39.

KT (NYSE:KT) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. As a group, analysts forecast that KT will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On KT

Institutional investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its stake in 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 during the period. National Bank of Canada FI bought a new position in KT in the 3rd quarter worth $7,611,000. Assetmark Inc. lifted its position in shares of KT by 945.1% in the 3rd quarter. Assetmark Inc. now owns 137,383 shares of the technology company’s stock worth $2,113,000 after purchasing an additional 124,237 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of KT by 65.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 246,563 shares of the technology company’s stock valued at $3,792,000 after purchasing an additional 97,838 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of KT by 31.1% during the second quarter. Envestnet Asset Management Inc. now owns 406,381 shares of the technology company’s stock valued at $5,555,000 after buying an additional 96,518 shares during the period. 18.86% of the stock is currently owned by institutional investors.

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.