KT (NYSE:KT) Raised to "Strong-Buy" at StockNews.com

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

KT Stock Up 1.5 %

KT traded up $0.26 during mid-day trading on Wednesday, reaching $17.10. 1,807,019 shares of the stock were exchanged, compared to its average volume of 1,201,270. 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 quick ratio of 0.98 and a current ratio of 1.04. The stock has a market capitalization of $8.82 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.35 and a beta of 0.95. The company has a 50 day moving average price of $16.47 and a two-hundred day moving average price of $15.78.

KT (NYSE:KT - Get Free Report) last announced its quarterly earnings data 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%. As a group, research analysts anticipate that KT will post 0.88 EPS for the current year.

Hedge Funds Weigh In On KT

A number of large investors have recently bought and sold shares of KT. Capital International Investors purchased a new position in KT during the 4th quarter valued at $135,833,000. Wellington Management Group LLP increased its position in shares of KT by 392.0% during the fourth quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock valued at $153,913,000 after buying an additional 7,901,522 shares during the period. North of South Capital LLP lifted its holdings in KT by 2,407.3% in the fourth 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 period. Ninety One UK Ltd bought a new stake in KT during the 4th quarter valued at approximately $59,145,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of KT by 44.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company's stock worth $55,493,000 after acquiring an additional 1,101,669 shares during the period. 18.86% of the stock is owned by hedge funds and other institutional investors.

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.