KT (NYSE:KT) Upgraded at StockNews.com

StockNews.com upgraded shares of KT (NYSE:KT - Free Report) from a buy rating to a strong-buy rating in a research report released on Thursday.

KT Price Performance

Shares of NYSE:KT traded up $0.50 on Thursday, hitting $17.46. The company's stock had a trading volume of 1,761,805 shares, compared to its average volume of 1,300,557. KT has a 1 year low of $12.10 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company has a market capitalization of $9.00 billion, a PE ratio of 9.81, a PEG ratio of 0.42 and a beta of 0.95. The company has a 50-day simple moving average of $16.33 and a 200 day simple moving average of $15.35.

KT (NYSE:KT - Get Free Report) 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%. Sell-side analysts forecast that KT will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On KT

Institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of KT in the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC raised its holdings in KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company's stock worth $70,000 after acquiring an additional 4,464 shares during the last quarter. GAMMA Investing LLC lifted its position in KT by 80.7% in the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after acquiring an additional 2,902 shares in the last quarter. MML Investors Services LLC purchased a new stake in KT during the 3rd quarter valued at $160,000. Finally, Private Advisor Group LLC bought a new stake in shares of KT in the 3rd quarter worth $164,000. Institutional investors own 18.86% of the company's stock.

About KT

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.