KT (NYSE:KT) Upgraded by Wall Street Zen to Strong-Buy Rating

KT (NYSE:KT) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently commented on the company. Zacks Research raised KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of KT in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, KT currently has a consensus rating of “Hold”.

KT Price Performance

KT stock opened at $22.00 on Friday. The stock’s 50 day simple moving average is $21.22 and its 200 day simple moving average is $19.83. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. KT has a 12-month low of $16.25 and a 12-month high of $24.58.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund bought a new stake in shares of KT during the 3rd quarter valued at about $1,526,000. SG Americas Securities LLC lifted its stake in shares of KT by 306.5% in the 2nd quarter. SG Americas Securities LLC now owns 76,592 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 57,749 shares during the period. Hosking Partners LLP purchased a new position in shares of KT in the third quarter worth approximately $675,000. Abacus Wealth Partners LLC purchased a new position in shares of KT in the fourth quarter worth approximately $386,000. Finally, Farther Finance Advisors LLC grew its position in KT by 10.1% during the fourth quarter. Farther Finance Advisors LLC now owns 12,826 shares of the technology company’s stock valued at $243,000 after buying an additional 1,172 shares during the period. Institutional investors own 18.86% of the company’s stock.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.