KT (NYSE:KT) Cut to “Buy” at StockNews.com

StockNews.com cut shares of KT (NYSE:KT) from a strong-buy rating to a buy rating in a report published on Wednesday morning.

KT Trading Up 1.2 %

NYSE KT opened at $16.39 on Wednesday. KT has a one year low of $12.10 and a one year high of $18.45. The company has a 50-day simple moving average of $16.20 and a 200-day simple moving average of $15.23. 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 firm has a market capitalization of $8.45 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 0.38 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC boosted its stake in KT by 3,915.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after purchasing an additional 4,464 shares during the period. GAMMA Investing LLC boosted its stake in KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after purchasing an additional 2,902 shares during the period. MML Investors Services LLC acquired a new position in KT during the 3rd quarter valued at about $160,000. Private Advisor Group LLC acquired a new position in KT during the 3rd quarter valued at about $164,000. Finally, Park Avenue Securities LLC acquired a new position in KT during the 4th quarter valued at about $181,000. 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.