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

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

Separately, New Street Research raised shares of KT to a “strong-buy” rating in a research note on Monday, September 9th.

KT Stock Up 0.5 %

Shares of KT stock opened at $15.35 on Friday. KT has a twelve month low of $12.10 and a twelve month high of $16.24. The stock has a market cap of $7.92 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.11 and a beta of 0.90. The stock has a 50 day moving average of $15.45 and a 200 day moving average of $14.36. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last posted its earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. The firm had revenue of $4.77 billion for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. As a group, sell-side analysts expect that KT will post 0.85 EPS for the current year.

Hedge Funds Weigh In On KT

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of KT by 41.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,264 shares during the last quarter. Venturi Wealth Management LLC raised its holdings 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 acquiring an additional 4,464 shares during the period. Crewe Advisors LLC acquired a new position in shares of KT during the 1st quarter valued at about $98,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of KT in the second quarter valued at about $140,000. Finally, MML Investors Services LLC acquired a new stake in KT during the third quarter worth about $160,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

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.