KT (NYSE:KT) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of KT (NYSE:KT) in a report released on Wednesday, MarketBeat.com reports. The brokerage issued a buy rating on the technology company’s stock.

Separately, StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 12th.

KT Stock Performance

Shares of KT opened at $17.42 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The stock has a market capitalization of $8.98 billion, a P/E ratio of 9.78, a P/E/G ratio of 0.36 and a beta of 0.95. The company’s fifty day moving average is $16.59 and its two-hundred day moving average is $15.86. KT has a 1 year low of $12.10 and a 1 year high of $18.45.

KT (NYSE:KT) last announced its quarterly earnings data on Tuesday, November 26th. The technology company reported $0.54 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. On average, sell-side analysts predict that KT will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On KT

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. grew its stake in shares of KT by 37.8% during the 4th quarter. Vise Technologies Inc. now owns 53,388 shares of the technology company’s stock worth $829,000 after purchasing an additional 14,639 shares during the period. Voloridge Investment Management LLC purchased a new stake in shares of KT in the 4th quarter worth about $1,566,000. Two Sigma Advisers LP boosted its position in shares of KT by 38.5% in the 4th quarter. Two Sigma Advisers LP now owns 570,300 shares of the technology company’s stock worth $8,851,000 after buying an additional 158,500 shares in the last quarter. Two Sigma Investments LP lifted its holdings in KT by 33.3% in the 4th quarter. Two Sigma Investments LP now owns 898,442 shares of the technology company’s stock valued at $13,944,000 after purchasing an additional 224,541 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in KT in the 4th quarter valued at about $6,624,000. 18.86% of the stock is owned by institutional investors and hedge funds.

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.