Lazard Asset Management LLC Boosts Holdings in KT Co. (NYSE:KT)

Lazard Asset Management LLC raised its position in shares of KT Co. (NYSE:KT - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,117,223 shares of the technology company's stock after purchasing an additional 53,200 shares during the quarter. Lazard Asset Management LLC owned 0.60% of KT worth $48,378,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KT. R Squared Ltd purchased a new position in KT in the 4th quarter worth about $36,000. Principal Securities Inc. boosted its stake in KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after purchasing an additional 1,544 shares in the last quarter. Global Retirement Partners LLC boosted its stake in KT by 58.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after purchasing an additional 2,667 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after purchasing an additional 2,181 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in KT during the 4th quarter valued at approximately $181,000. 18.86% of the stock is currently owned by institutional investors.

KT Stock Down 0.2%

KT stock traded down $0.04 during midday trading on Friday, reaching $19.34. 818,918 shares of the company were exchanged, compared to its average volume of 1,168,372. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a 1-year low of $13.11 and a 1-year high of $20.28. The stock's 50-day simple moving average is $18.24 and its 200 day simple moving average is $17.16. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KT. 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 assumed coverage on shares of KT in a research note on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, StockNews.com raised shares of KT from a "buy" rating to a "strong-buy" rating in a research report on Monday.

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.