KT (NYSE:KT) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of KT (NYSE:KT) from a neutral rating to a buy rating in a research report released on Monday, Marketbeat reports.

A number of other equities analysts also recently commented on KT. StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. UBS Group assumed coverage on shares of KT in a research note on Wednesday, February 19th. They issued a “buy” rating for the company.

KT Stock Performance

Shares of NYSE:KT opened at $17.95 on Monday. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. KT has a 52 week low of $12.10 and a 52 week high of $18.45. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $16.81 and a 200 day moving average of $16.09.

Hedge Funds Weigh In On KT

A number of large investors have recently made changes to their positions in the business. Qtron Investments LLC increased its position in shares of KT by 5.1% during the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company’s stock worth $210,000 after purchasing an additional 652 shares in the last quarter. PDS Planning Inc grew its holdings in shares of KT by 6.2% during the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company’s stock valued at $282,000 after buying an additional 1,065 shares during the last quarter. Ethic Inc. grew its holdings in shares of KT by 1.0% during the fourth quarter. Ethic Inc. now owns 155,873 shares of the technology company’s stock valued at $2,419,000 after buying an additional 1,479 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its holdings in shares of KT by 3.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company’s stock valued at $722,000 after buying an additional 1,581 shares during the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

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.