KT (NYSE:KT) Rating Increased to Strong-Buy at StockNews.com

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

Several other equities analysts have also recently weighed in on KT. UBS Group started coverage on shares of KT in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd.

KT Stock Performance

Shares of KT traded down $0.04 during trading hours on Monday, hitting $19.34. The stock had a trading volume of 818,918 shares, compared to its average volume of 1,167,991. The firm has a market capitalization of $9.97 billion, a PE ratio of 10.86, a PEG ratio of 0.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. KT has a 12 month low of $13.11 and a 12 month high of $20.28. The stock has a fifty day moving average price of $18.24 and a 200 day moving average price of $17.16.

Institutional Trading of KT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Park Place Capital Corp raised its stake in KT by 66.7% during the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock worth $36,000 after acquiring an additional 819 shares during the period. Farther Finance Advisors LLC raised its position in shares of KT by 174.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock valued at $40,000 after purchasing an additional 1,447 shares during the period. R Squared Ltd purchased a new position in shares of KT during the 4th quarter valued at $36,000. Bruce G. Allen Investments LLC raised its holdings in KT by 143.2% during the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock valued at $42,000 after acquiring an additional 1,396 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after acquiring an additional 1,544 shares in the last quarter. Hedge funds and other 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.