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. It also provides media and content services, including IPTV, satellite TV, digital music, e-commerce, online advertising consulting, and digital comics and novels services; and credit card processing and other financial services. In addition, the company offers information technology and network services, and satellite services; sells handsets and miscellaneous telecommunications equipment; develops and sells residential units and commercial real estate; and rents real estate properties. Further, it maintains public telephones; offers security, B2C and B2B, investment fund, software development and data processing, value added network, system integration and maintenance, mobile marketing, PCS distribution, satellite broadcasting, cloud system implementation, network installation and management, and data center development and related services. Additionally, the company is involved in the Internet banking ASP and security solutions, residential building development and supply, sports group management, technology business finance, software development and supply, submarine cable construction and maintenance, and trunk radio systems businesses. As of December 31, 2020, the company served approximately 22.3 million mobile subscribers and 8.8 million IPTV subscribers. The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Seongnam, South Korea.
Analyst Ratings Changes
KT has been the subject of a number of research reports. StockNews.com cut shares of KT from a "strong-buy" rating to a "buy" rating in a report on Friday. The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, May 30th.
KT Stock Down 1.9 %
Shares of NYSE:KT opened at $14.21 on Friday. The stock has a market capitalization of $6.70 billion, a P/E ratio of 5.42, a P/E/G ratio of 0.86 and a beta of 0.71. The company has a 50-day moving average price of $14.18 and a 200-day moving average price of $14.01. KT has a 1 year low of $12.33 and a 1 year high of $15.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.23 and a quick ratio of 1.17.
KT (NYSE:KT - Get Rating) last issued its quarterly earnings data on Friday, May 27th. The technology company reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $5.02 billion during the quarter. KT had a net margin of 5.81% and a return on equity of 8.74%. On average, equities research analysts forecast that KT will post 2.19 EPS for the current fiscal year.