KT (NYSE:KT) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.

KT Stock Up 1.0 %

KT opened at $13.55 on Monday. KT has a 1-year low of $11.04 and a 1-year high of $15.35. The firm’s 50 day simple moving average is $14.16 and its two-hundred day simple moving average is $13.28. The company has a current ratio of 1.10, a quick ratio of 1.03 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $6.94 billion, a PE ratio of 8.74, a PEG ratio of 1.38 and a beta of 0.82.

KT (NYSE:KT) last released its earnings results on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter. The company had revenue of $5.08 billion for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. As a group, equities analysts forecast that KT will post 1.9 EPS for the current year.

Hedge Funds Weigh In On KT

Large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in shares of KT by 165.3% during the 2nd quarter. Lazard Asset Management LLC now owns 5,338,379 shares of the technology company’s stock valued at $60,323,000 after buying an additional 3,326,251 shares in the last quarter. Mondrian Investment Partners LTD purchased a new position in shares of KT in the second quarter valued at about $33,578,000. BlackRock Inc. boosted its stake in shares of KT by 299.4% in the first quarter. BlackRock Inc. now owns 2,710,652 shares of the technology company’s stock worth $30,739,000 after acquiring an additional 2,031,948 shares during the period. Envestnet Asset Management Inc. grew its position in shares of KT by 215.7% during the first quarter. Envestnet Asset Management Inc. now owns 1,856,392 shares of the technology company’s stock worth $6,865,000 after purchasing an additional 1,268,362 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in KT by 38.3% during the 1st quarter. Rockefeller Capital Management L.P. now owns 2,284,991 shares of the technology company’s stock valued at $25,911,000 after purchasing an additional 632,530 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Company Profile

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.