KT (NYSE:KT) Earns Buy Rating from Analysts at UBS Group

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

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

KT Trading Down 0.8 %

Shares of KT stock opened at $17.42 on Wednesday. KT has a fifty-two week low of $12.10 and a fifty-two week high of $18.45. The company has a 50 day moving average price of $16.59 and a 200 day moving average price of $15.86. 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 price-to-earnings-growth ratio of 0.36 and a beta of 0.95.

KT (NYSE:KT) last issued its quarterly earnings results 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%. Equities research analysts predict that KT will post 0.73 EPS for the current fiscal year.

Institutional Trading of KT

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock worth $153,913,000 after buying an additional 7,901,522 shares during the last quarter. Capital International Investors purchased a new stake in shares of KT during the 4th quarter worth approximately $135,833,000. Robeco Institutional Asset Management B.V. lifted its position in shares of KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock worth $72,507,000 after buying an additional 1,063,736 shares during the last quarter. North of South Capital LLP lifted its position in shares of KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after buying an additional 4,049,439 shares during the last quarter. Finally, Ninety One UK Ltd purchased a new stake in shares of KT during the 4th quarter worth approximately $59,145,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

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.