KT (NYSE:KT) Upgraded at StockNews.com

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a research note released on Monday.

KT has been the topic of a number of other reports. UBS Group initiated coverage on shares of KT in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd.

KT Price Performance

Shares of NYSE:KT opened at $19.22 on Monday. The company’s 50-day moving average is $18.18 and its 200 day moving average is $17.12. 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 company has a market capitalization of $9.91 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. KT has a fifty-two week low of $13.11 and a fifty-two week high of $20.28.

Institutional Investors Weigh In On KT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KT. R Squared Ltd bought a new stake in KT in the 4th quarter valued at about $36,000. Park Place Capital Corp increased its position in shares of KT by 66.7% during the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock valued at $36,000 after buying an additional 819 shares during the period. Farther Finance Advisors LLC increased its position in shares of KT by 174.8% during the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock valued at $40,000 after buying an additional 1,447 shares during the period. Bruce G. Allen Investments LLC increased its position in shares of KT by 143.2% during the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company’s stock valued at $42,000 after buying an additional 1,396 shares during the period. Finally, Principal Securities Inc. increased its position in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after buying an additional 1,544 shares during the period. 18.86% of the stock is currently owned by 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.