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 issued on Thursday morning.

KT Stock Up 1.2 %

Shares of KT opened at $17.66 on Thursday. KT has a 12 month low of $12.10 and a 12 month 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’s 50-day moving average price is $16.42 and its two-hundred day moving average price is $15.41. The company has a market capitalization of $9.11 billion, a PE ratio of 9.92, a PEG ratio of 0.39 and a beta of 0.95.

KT (NYSE:KT) last posted its earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. On average, analysts anticipate that KT will post 0.85 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KT. R Squared Ltd bought a new position in shares of KT during the 4th quarter valued at about $36,000. Venturi Wealth Management LLC boosted its stake in KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after buying an additional 4,464 shares in the last quarter. GAMMA Investing LLC grew its position in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after acquiring an additional 2,902 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of KT during the third quarter worth approximately $160,000. Finally, Private Advisor Group LLC bought a new stake in shares of KT in the 3rd quarter worth approximately $164,000. 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.