KT (NYSE:KT) Upgraded to “Strong-Buy” at StockNews.com

KT (NYSE:KT) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

KT Price Performance

Shares of KT stock traded down $0.29 during mid-day trading on Monday, reaching $13.38. 624,342 shares of the stock traded hands, compared to its average volume of 813,256. The stock has a market capitalization of $6.90 billion, a PE ratio of 8.06, a PEG ratio of 0.96 and a beta of 0.90. The business has a 50-day moving average of $13.27 and a 200 day moving average of $13.51. KT has a fifty-two week low of $11.04 and a fifty-two week high of $15.35. The company has a quick ratio of 1.00, a current ratio of 1.07 and a debt-to-equity ratio of 0.36.

KT (NYSE:KT) last announced its earnings results on Friday, May 24th. The technology company reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $5 billion for the quarter. KT had a net margin of 4.09% and a return on equity of 5.55%. On average, analysts predict that KT will post 1.79 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in KT during the 4th quarter worth about $28,000. Glassman Wealth Services lifted its position in shares of KT by 63.5% during the fourth quarter. Glassman Wealth Services now owns 2,346 shares of the technology company’s stock worth $32,000 after purchasing an additional 911 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of KT by 1,292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,050 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,831 shares during the period. EverSource Wealth Advisors LLC increased its stake in KT by 152.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,014 shares of the technology company’s stock worth $41,000 after buying an additional 1,821 shares during the period. Finally, Assetmark Inc. lifted its holdings in KT by 1,227.4% during the 4th quarter. Assetmark Inc. now owns 3,053 shares of the technology company’s stock worth $41,000 after buying an additional 2,823 shares in the last quarter. Hedge funds and other 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.