KT's (KT) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a "Buy (B)" rating for KT, indicating ongoing confidence in the company's stock despite some varied opinions from other brokerages.
• Recent stock performance shows KT opened at $19.38 with a market cap of $9.99 billion and has a year range of $14.79 to $21.61.
• Institutional investors have increasingly moved into KT, with significant stakes raised by firms like Park Place Capital Corp and Brooklyn Investment Group, reflecting growing interest in the stock.

KT (NYSE:KT - Get Free Report)'s stock had its "buy (b)" rating restated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also weighed in on KT. Zacks Research lowered shares of KT from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen lowered shares of KT from a "strong-buy" rating to a "buy" rating in a report on Friday, October 3rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

KT Stock Performance

NYSE KT opened at $19.38 on Wednesday. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 0.13 and a beta of 0.70. The company has a 50 day moving average of $20.05 and a 200-day moving average of $19.58. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.41. KT has a 1-year low of $14.79 and a 1-year high of $21.61.

KT (NYSE:KT - Get Free Report) last posted its quarterly earnings data on Friday, September 5th. The technology company reported $1.01 earnings per share for the quarter. The company had revenue of $5.31 billion during the quarter. KT had a net margin of 3.35% and a return on equity of 5.06%. On average, equities analysts forecast that KT will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KT

Institutional investors have recently added to or reduced their stakes in the stock. Park Place Capital Corp lifted its position in KT by 66.7% in the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after acquiring an additional 819 shares in the last quarter. Farther Finance Advisors LLC increased its stake in KT by 174.8% in the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock valued at $40,000 after buying an additional 1,447 shares during the last quarter. First Horizon Advisors Inc. increased its stake in KT by 506.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company's stock valued at $52,000 after buying an additional 2,091 shares during the last quarter. Bruce G. Allen Investments LLC increased its stake in KT by 21.9% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 2,890 shares of the technology company's stock valued at $60,000 after buying an additional 519 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in KT by 1,901.0% in the 1st quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company's stock valued at $73,000 after buying an additional 3,916 shares during the last quarter. 18.86% of the stock is 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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