KT (NYSE:KT) Upgraded by The Goldman Sachs Group to "Buy" Rating

The Goldman Sachs Group upgraded shares of KT (NYSE:KT - Free Report) from a neutral rating to a buy rating in a report released on Monday, Marketbeat reports.

Other analysts have also issued research reports about the company. UBS Group assumed coverage on KT in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th.

KT Trading Down 0.1 %

Shares of KT traded down $0.02 during mid-day trading on Monday, reaching $17.14. 1,557,286 shares of the company's stock traded hands, compared to its average volume of 1,427,532. 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 stock's 50-day moving average is $16.73 and its two-hundred day moving average is $16.03. KT has a 12 month low of $12.10 and a 12 month high of $18.45. The stock has a market cap of $8.84 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.37 and a beta of 0.95.

Institutional Investors Weigh In On KT

Institutional investors and hedge funds have recently bought and sold shares of the company. Vise Technologies Inc. increased its position in KT by 37.8% during the 4th quarter. Vise Technologies Inc. now owns 53,388 shares of the technology company's stock valued at $829,000 after purchasing an additional 14,639 shares during the period. Voloridge Investment Management LLC purchased a new position in KT during the fourth quarter valued at approximately $1,566,000. Two Sigma Advisers LP raised its stake in KT by 38.5% in the fourth quarter. Two Sigma Advisers LP now owns 570,300 shares of the technology company's stock worth $8,851,000 after buying an additional 158,500 shares in the last quarter. Two Sigma Investments LP lifted its holdings in KT by 33.3% during the fourth quarter. Two Sigma Investments LP now owns 898,442 shares of the technology company's stock worth $13,944,000 after buying an additional 224,541 shares during the period. Finally, Tidal Investments LLC bought a new stake in KT during the 4th quarter valued at $6,624,000. 18.86% of the stock is owned by 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.