KT (NYSE:KT) Upgraded to “Strong-Buy” by New Street Research

New Street Research upgraded shares of KT (NYSE:KT) to a strong-buy rating in a research note released on Monday, Zacks.com reports.

KT has been the subject of a number of other research reports. The Goldman Sachs Group downgraded shares of KT from a buy rating to a neutral rating in a report on Thursday, July 11th. StockNews.com upgraded KT from a buy rating to a strong-buy rating in a research report on Friday, August 23rd.

KT Price Performance

Shares of KT opened at $15.43 on Monday. The stock’s 50 day moving average is $14.17 and its two-hundred day moving average is $13.73. KT has a twelve month low of $11.82 and a twelve month high of $15.58. The firm has a market capitalization of $7.96 billion, a PE ratio of 9.25, a P/E/G ratio of 0.73 and a beta of 0.90. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Institutional Investors Weigh In On KT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capstone Investment Advisors LLC raised its holdings in shares of KT by 225.4% in the fourth quarter. Capstone Investment Advisors LLC now owns 106,010 shares of the technology company’s stock worth $1,425,000 after acquiring an additional 73,433 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in KT by 2.4% in the 1st quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company’s stock valued at $49,857,000 after purchasing an additional 84,760 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of KT by 62.0% during the 1st quarter. Acadian Asset Management LLC now owns 327,621 shares of the technology company’s stock worth $4,592,000 after purchasing an additional 125,413 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of KT by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock worth $141,061,000 after buying an additional 829,682 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in shares of KT by 383.2% in the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock valued at $2,345,000 after buying an additional 136,021 shares during the last quarter. Hedge funds and other institutional investors 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.