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

StockNews.com upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a report issued on Wednesday morning.

KT Price Performance

Shares of KT opened at $16.78 on Wednesday. The company has a 50 day moving average price of $16.47 and a 200-day moving average price of $15.74. KT has a fifty-two week low of $12.10 and a fifty-two week high of $18.45. The stock has a market capitalization of $8.65 billion, a PE ratio of 9.43, a PEG ratio of 0.35 and a beta of 0.95. 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 (NYSE:KT) last announced its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. Equities analysts predict that KT will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company’s stock worth $153,913,000 after acquiring an additional 7,901,522 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of KT by 29.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,671,851 shares of the technology company’s stock worth $72,507,000 after acquiring an additional 1,063,736 shares in the last quarter. North of South Capital LLP raised its stake in shares of KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company’s stock worth $65,458,000 after acquiring an additional 4,049,439 shares in the last quarter. Ninety One UK Ltd acquired a new position in KT during the 4th quarter valued at approximately $59,145,000. Finally, Boston Partners increased its stake in KT by 215.6% during the 4th quarter. Boston Partners now owns 1,247,881 shares of the technology company’s stock valued at $19,380,000 after purchasing an additional 852,539 shares in the last quarter. Institutional investors own 18.86% of the company’s stock.

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.