KT (NYSE:KT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of KT (NYSE:KT - Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

Separately, New Street Research raised KT to a "strong-buy" rating in a research note on Monday, September 9th.

KT Stock Performance

Shares of NYSE:KT traded down $0.05 on Friday, reaching $15.20. 1,154,719 shares of the company's stock were exchanged, compared to its average volume of 761,592. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The business's 50-day moving average is $15.45 and its two-hundred day moving average is $14.32. KT has a fifty-two week low of $12.10 and a fifty-two week high of $16.24. The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 1.12 and a beta of 0.90.

KT (NYSE:KT - Get Free Report) last announced its earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The firm had revenue of $4.77 billion for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. As a group, equities research analysts forecast that KT will post 0.85 EPS for the current year.

Institutional Trading of KT

Several institutional investors and hedge funds have recently added to or reduced their stakes in KT. EverSource Wealth Advisors LLC increased its stake in KT by 41.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company's stock worth $60,000 after purchasing an additional 1,264 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings 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 worth $70,000 after buying an additional 4,464 shares during the period. Crewe Advisors LLC purchased a new position in shares of KT in the first quarter worth approximately $98,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of KT during the second quarter valued at approximately $140,000. Finally, Aprio Wealth Management LLC purchased a new stake in shares of KT in the 2nd quarter valued at approximately $151,000. 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.