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

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a research report report published on Wednesday morning.

KT Stock Performance

KT stock opened at $16.78 on Wednesday. The company’s 50-day moving average price is $16.47 and its 200-day moving average price is $15.74. KT has a twelve month low of $12.10 and a twelve month 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 company has a market cap of $8.65 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.35 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, equities research analysts forecast that KT will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On KT

A number of large investors have recently made changes to their positions in KT. R Squared Ltd purchased a new position in shares of KT during the 4th quarter worth about $36,000. Principal Securities Inc. boosted its stake in shares of KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,544 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of KT by 3,915.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after purchasing an additional 4,464 shares during the period. GAMMA Investing LLC boosted its position in KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares during the period. Finally, Global Retirement Partners LLC boosted its position in KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after buying an additional 2,667 shares during the period. 18.86% of the stock is owned by hedge funds and other 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.