KT (NYSE:KT) Coverage Initiated at UBS Group

Equities research analysts at UBS Group began coverage on shares of KT (NYSE:KT - Get Free Report) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set 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 report on Wednesday, February 12th.

KT Trading Down 0.8 %

Shares of KT stock traded down $0.14 during trading hours on Wednesday, hitting $17.42. 1,678,584 shares of the company were exchanged, compared to its average volume of 1,353,973. KT has a 1 year low of $12.10 and a 1 year high of $18.45. The firm has a fifty day moving average of $16.59 and a 200 day moving average of $15.86. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market cap of $8.98 billion, a PE ratio of 9.78, a PEG ratio of 0.36 and a beta of 0.95.

KT (NYSE:KT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 EPS for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Analysts expect that KT will post 0.73 earnings per share for the current year.

Institutional Trading of KT

Several large investors have recently bought and sold shares of the company. Qtron Investments LLC grew its position in KT by 5.1% in the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock valued at $210,000 after acquiring an additional 652 shares in the last quarter. PDS Planning Inc grew its position in KT by 6.2% in the third quarter. PDS Planning Inc now owns 18,342 shares of the technology company's stock valued at $282,000 after acquiring an additional 1,065 shares in the last quarter. Ethic Inc. grew its position in KT by 1.0% in the fourth quarter. Ethic Inc. now owns 155,873 shares of the technology company's stock valued at $2,419,000 after acquiring an additional 1,479 shares in the last quarter. Bleakley Financial Group LLC grew its position in KT by 5.6% in the third quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company's stock valued at $433,000 after acquiring an additional 1,487 shares in the last quarter. Finally, Principal Securities Inc. grew its position in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after acquiring an additional 1,544 shares in the last quarter. Institutional investors and hedge funds 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.