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

Wall Street Zen upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a research report report published on Saturday.

A number of other analysts have also recently issued reports on the stock. Zacks Research cut shares of KT from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of KT in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, KT presently has an average rating of “Hold”.

KT Trading Down 0.9%

Shares of KT stock opened at $18.64 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. The business has a fifty day simple moving average of $18.49 and a two-hundred day simple moving average of $19.60. KT has a 1 year low of $15.49 and a 1 year high of $21.61. The company has a market capitalization of $9.61 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 0.14 and a beta of 0.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of KT in the first quarter valued at approximately $811,000. Price T Rowe Associates Inc. MD increased its stake in KT by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,612,820 shares of the technology company’s stock worth $187,954,000 after acquiring an additional 388,592 shares during the period. TD Private Client Wealth LLC increased its stake in KT by 8.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 10,768 shares of the technology company’s stock worth $224,000 after acquiring an additional 798 shares during the period. Acadian Asset Management LLC raised its holdings in KT by 57.4% in the 1st quarter. Acadian Asset Management LLC now owns 1,988,160 shares of the technology company’s stock valued at $35,190,000 after acquiring an additional 725,164 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of KT by 267.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,358 shares of the technology company’s stock valued at $174,000 after acquiring an additional 6,083 shares during the period. Institutional investors and hedge funds 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.