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

KT (NYSE:KT) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

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

KT Stock Down 0.3 %

Shares of NYSE KT opened at $15.20 on Friday. The firm’s 50 day moving average price is $15.45 and its 200 day moving average price is $14.33. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.04. The firm has a market cap of $7.84 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 1.11 and a beta of 0.90. KT has a 1 year low of $12.10 and a 1 year high of $16.24.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of KT. EverSource Wealth Advisors LLC raised its position in 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 period. Venturi Wealth Management LLC grew its stake in shares of KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after buying an additional 4,464 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of KT during the 1st quarter valued at about $98,000. Envestnet Portfolio Solutions Inc. acquired a new position in KT during the 2nd quarter worth approximately $140,000. Finally, MML Investors Services LLC purchased a new position in KT in the 3rd quarter worth approximately $160,000. 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.