KT (NYSE:KT) Upgraded by StockNews.com to Strong-Buy

KT (NYSE:KT - Get Free Report) was upgraded by equities 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.

KT Price Performance

Shares of NYSE KT traded up $0.13 during mid-day trading on Monday, hitting $13.55. 860,029 shares of the stock were exchanged, compared to its average volume of 949,820. KT has a twelve month low of $11.04 and a twelve month high of $15.35. The stock's fifty day simple moving average is $14.16 and its two-hundred day simple moving average is $13.28. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.10. The company has a market cap of $6.94 billion, a P/E ratio of 8.74, a PEG ratio of 1.38 and a beta of 0.82.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.09 EPS for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. The business had revenue of $5.08 billion for the quarter. As a group, analysts forecast that KT will post 1.9 EPS for the current fiscal year.

Institutional Trading of KT

Institutional investors have recently bought and sold shares of the business. Silchester International Investors LLP boosted its position in shares of KT by 0.3% during the fourth quarter. Silchester International Investors LLP now owns 26,168,715 shares of the technology company's stock worth $351,708,000 after purchasing an additional 78,600 shares in the last quarter. Morgan Stanley grew its stake in KT by 6.8% in the third quarter. Morgan Stanley now owns 9,884,987 shares of the technology company's stock valued at $126,726,000 after acquiring an additional 632,151 shares during the period. Price T Rowe Associates Inc. MD grew its stake in KT by 0.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,231,686 shares of the technology company's stock valued at $124,074,000 after acquiring an additional 23,779 shares during the period. Lazard Asset Management LLC raised its position in shares of KT by 165.3% during the second quarter. Lazard Asset Management LLC now owns 5,338,379 shares of the technology company's stock worth $60,323,000 after purchasing an additional 3,326,251 shares during the period. Finally, Mondrian Investment Partners LTD raised its position in shares of KT by 6.0% during the third quarter. Mondrian Investment Partners LTD now owns 3,150,646 shares of the technology company's stock worth $40,391,000 after purchasing an additional 179,155 shares during the period. Institutional investors and hedge funds 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 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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