StockNews.com Upgrades KT (NYSE:KT) to "Strong-Buy"

KT (NYSE:KT - Get Free Report) was upgraded by stock analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Monday.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd. UBS Group initiated coverage on shares of KT in a report on Wednesday, February 19th. They issued a "buy" rating on the stock.

KT Price Performance

Shares of NYSE:KT traded down $0.04 during trading on Monday, reaching $19.34. The company had a trading volume of 818,918 shares, compared to its average volume of 1,168,372. The company has a fifty day moving average of $18.24 and a two-hundred day moving average of $17.16. The stock has a market capitalization of $9.97 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. KT has a 12 month low of $13.11 and a 12 month high of $20.28. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On KT

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ascent Group LLC bought a new position in shares of KT during the 1st quarter valued at $220,000. Dynamic Technology Lab Private Ltd purchased a new stake in KT during the 1st quarter valued at $811,000. NewEdge Advisors LLC boosted its position in KT by 20,894.8% during the 1st quarter. NewEdge Advisors LLC now owns 20,365 shares of the technology company's stock valued at $361,000 after buying an additional 20,268 shares during the period. Millennium Management LLC boosted its position in KT by 4,148.2% during the 1st quarter. Millennium Management LLC now owns 530,817 shares of the technology company's stock valued at $9,401,000 after buying an additional 518,322 shares during the period. Finally, Royal Bank of Canada boosted its position in KT by 1.1% during the 1st quarter. Royal Bank of Canada now owns 102,808 shares of the technology company's stock valued at $1,820,000 after buying an additional 1,078 shares during the period. 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.