Zacks Research Upgrades KT (NYSE:KT) to "Strong-Buy"

Key Points

• KT has been upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, reflecting positive analyst sentiment.
• The stock currently holds an average rating of "Strong Buy" with two analysts assigning a Strong Buy and two a Buy rating.
• KT's shares opened at $20.44, with a market capitalization of $10.54 billion and a 12-month price range between $14.53 and $21.61.

KT (NYSE:KT - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday, August 27th,Zacks.com reports.

Separately, Wall Street Zen upgraded shares of KT from a "buy" rating to a "strong-buy" rating in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

KT Trading Up 1.2%

Shares of KT stock traded up $0.24 during trading hours on Wednesday, hitting $20.02. 798,636 shares of the company were exchanged, compared to its average volume of 1,374,178. The firm has a market cap of $10.32 billion, a PE ratio of 21.76, a PEG ratio of 0.14 and a beta of 0.72. KT has a 1 year low of $14.77 and a 1 year high of $21.61. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $20.62 and a 200 day moving average of $19.23.

KT (NYSE:KT - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The technology company reported $0.75 earnings per share 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. Analysts expect that KT will post 0.73 earnings per share for the current year.

Institutional Trading of KT

A number of hedge funds have recently made changes to their positions in KT. Park Place Capital Corp grew its position in shares of KT by 66.7% during the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock worth $36,000 after buying an additional 819 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of KT by 174.8% during the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock worth $40,000 after buying an additional 1,447 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in shares of KT by 143.2% during the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock worth $42,000 after buying an additional 1,396 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of KT by 506.3% during the second quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company's stock worth $52,000 after buying an additional 2,091 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in shares of KT by 1,901.0% during the first quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company's stock worth $73,000 after buying an additional 3,916 shares in the last quarter. Institutional investors and hedge funds own 18.86% of the company's stock.

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.