KT (NYSE:KT) Rating Increased to Strong-Buy at StockNews.com

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

A number of other equities research analysts also recently weighed in on KT. UBS Group assumed coverage on KT in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd.

KT Trading Down 0.6%

Shares of KT stock opened at $19.20 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT has a 52-week low of $13.11 and a 52-week high of $20.28. The company has a market capitalization of $9.90 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. The business’s fifty day moving average is $18.15 and its 200 day moving average is $17.11.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Qtron Investments LLC grew its stake in shares of KT by 5.1% in the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company’s stock worth $210,000 after purchasing an additional 652 shares during the last quarter. Park Place Capital Corp grew its stake in shares of KT by 66.7% in the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company’s stock worth $36,000 after purchasing an additional 819 shares during the last quarter. Atlas Capital Advisors Inc. grew its stake in shares of KT by 4.8% in the first quarter. Atlas Capital Advisors Inc. now owns 20,273 shares of the technology company’s stock worth $359,000 after purchasing an additional 935 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of KT by 20.4% in the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company’s stock worth $138,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of KT by 9.2% in the first quarter. Blue Trust Inc. now owns 15,675 shares of the technology company’s stock worth $278,000 after purchasing an additional 1,327 shares during the last quarter. 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.