StockNews.com upgraded shares of KT (NYSE:KT – Free Report) from a buy rating to a strong-buy rating in a research report released on Wednesday.
Separately, The Goldman Sachs Group cut KT from a buy rating to a neutral rating in a research report on Thursday, July 11th.
Check Out Our Latest Research Report on KT
KT Stock Performance
KT (NYSE:KT – Get Free Report) last released its earnings results on Friday, May 24th. The technology company reported $0.57 earnings per share for the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. The company had revenue of $5 billion for the quarter. Analysts expect that KT will post 1.72 EPS for the current fiscal year.
Hedge Funds Weigh In On KT
Several institutional investors have recently bought and sold shares of KT. GAMMA Investing LLC bought a new position in shares of KT during the 4th quarter valued at about $28,000. Glassman Wealth Services grew its holdings in KT by 63.5% during the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock valued at $32,000 after buying an additional 911 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in KT by 1,292.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,831 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after acquiring an additional 1,821 shares in the last quarter. Finally, Assetmark Inc. boosted its position in shares of KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,823 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other institutional investors.
KT Company Profile
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.
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