KT (NYSE:KT) Upgraded by The Goldman Sachs Group to “Buy”

KT (NYSE:KTGet Rating) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, The Fly reports.

KT has been the topic of several other research reports. Bank of America initiated coverage on KT in a research note on Thursday, April 14th. They set a “buy” rating on the stock. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a report on Monday, May 23rd.

KT traded up $0.22 during trading on Monday, reaching $15.06. The company had a trading volume of 225,262 shares, compared to its average volume of 1,046,370. KT has a 12-month low of $12.33 and a 12-month high of $15.35. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.87 and a beta of 0.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.18. The firm’s 50-day simple moving average is $14.35 and its 200 day simple moving average is $13.55.

KT (NYSE:KTGet Rating) last posted its earnings results on Friday, March 11th. The technology company reported $0.72 earnings per share for the quarter. KT had a return on equity of 8.27% and a net margin of 5.44%. The firm had revenue of $5.60 billion during the quarter. On average, sell-side analysts expect that KT will post 2.23 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Standard Family Office LLC bought a new position in shares of KT during the fourth quarter valued at about $38,000. Lowe Wealth Advisors LLC bought a new stake in shares of KT during the fourth quarter valued at approximately $67,000. Liberty Wealth Management LLC grew its position in KT by 187.4% in the 3rd quarter. Liberty Wealth Management LLC now owns 5,947 shares of the technology company’s stock worth $79,000 after purchasing an additional 3,878 shares during the period. Investors Research Corp grew its position in KT by 50.6% in the 1st quarter. Investors Research Corp now owns 6,550 shares of the technology company’s stock worth $94,000 after purchasing an additional 2,200 shares during the period. Finally, Euro Pacific Asset Management LLC bought a new stake in KT in the 1st quarter worth approximately $152,000.

KT Company Profile (Get Rating)

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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.

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