KT (KT) Expected to Announce Quarterly Earnings on Friday

KT (NYSE:KT - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Friday, May 23rd. Analysts expect KT to post earnings of $0.79 per share and revenue of $4.99 billion for the quarter.

KT Stock Down 0.8%

NYSE:KT traded down $0.16 during trading hours on Wednesday, reaching $19.36. The company had a trading volume of 2,558,885 shares, compared to its average volume of 1,189,781. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 0.37 and a beta of 0.68. The business's 50-day simple moving average is $18.36 and its two-hundred day simple moving average is $17.27. KT has a twelve month low of $13.11 and a twelve month high of $20.28.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KT shares. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. StockNews.com cut shares of KT from a "strong-buy" rating to a "buy" rating in a report on Tuesday. Finally, UBS Group started coverage on shares of KT in a report on Wednesday, February 19th. They issued a "buy" rating for the company.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KT. Millennium Management LLC raised its position in KT by 4,148.2% in the first quarter. Millennium Management LLC now owns 530,817 shares of the technology company's stock worth $9,401,000 after acquiring an additional 518,322 shares during the period. Jane Street Group LLC raised its position in KT by 107.9% in the first quarter. Jane Street Group LLC now owns 242,212 shares of the technology company's stock worth $4,290,000 after acquiring an additional 125,702 shares during the period. NewEdge Advisors LLC raised its position in KT by 20,894.8% in the first quarter. NewEdge Advisors LLC now owns 20,365 shares of the technology company's stock worth $361,000 after acquiring an additional 20,268 shares during the period. Finally, Royal Bank of Canada raised its position in KT by 1.1% in the first quarter. Royal Bank of Canada now owns 102,808 shares of the technology company's stock worth $1,820,000 after acquiring an additional 1,078 shares during the period. 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.