KT (NYSE:KT) Stock Rating Upgraded by Wall Street Zen

Key Points

• KT's stock rating has been upgraded by Wall Street Zen from "buy" to "strong-buy."
• The company's recent earnings report indicated a net margin of 2.37% and an earnings per share (EPS) of $0.75.
• Institutional investors have significantly increased their holdings in KT, with Cerity Partners LLC lifting its position by 52.7% in the first quarter.

KT (NYSE:KT - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Friday.

KT Price Performance

KT opened at $20.6680 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market capitalization of $10.66 billion, a P/E ratio of 22.47, a P/E/G ratio of 0.15 and a beta of 0.69. The company's 50-day simple moving average is $20.56 and its two-hundred day simple moving average is $19.05. KT has a 52-week low of $14.53 and a 52-week high of $21.61.

KT (NYSE:KT - Get Free Report) last posted its earnings results on Tuesday, June 17th. The technology company reported $0.75 earnings per share (EPS) for the quarter. KT had a net margin of 2.37% and a return on equity of 3.47%. The business had revenue of $4.71 billion for the quarter. As a group, analysts predict that KT will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cerity Partners LLC lifted its position in KT by 52.7% in the first quarter. Cerity Partners LLC now owns 66,781 shares of the technology company's stock worth $1,183,000 after buying an additional 23,045 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of KT by 20.4% during the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock valued at $138,000 after buying an additional 1,323 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of KT by 33.4% during the first quarter. Envestnet Asset Management Inc. now owns 753,320 shares of the technology company's stock valued at $13,341,000 after buying an additional 188,805 shares during the period. Ninety One UK Ltd grew its stake in KT by 28.3% in the first quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company's stock valued at $86,615,000 after purchasing an additional 1,079,860 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in KT by 3.0% in the first quarter. Rhumbline Advisers now owns 93,547 shares of the technology company's stock valued at $1,657,000 after purchasing an additional 2,731 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

KT Company Profile

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.

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