KT (NYSE:KT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of KT (NYSE:KT) from a buy rating to a strong-buy rating in a report released on Saturday morning.

KT has been the subject of several other research reports. Zacks Research lowered shares of KT from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KT in a research report on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, KT presently has an average rating of “Hold”.

KT Stock Down 0.1%

Shares of NYSE:KT opened at $18.59 on Friday. The stock has a 50-day simple moving average of $18.49 and a 200-day simple moving average of $19.60. The stock has a market capitalization of $9.59 billion, a P/E ratio of 13.28, a PEG ratio of 0.14 and a beta of 0.67. KT has a 1 year low of $15.49 and a 1 year high of $21.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.24.

Institutional Trading of KT

A number of institutional investors have recently bought and sold shares of KT. Acadian Asset Management LLC boosted its position in shares of KT by 57.4% during the first quarter. Acadian Asset Management LLC now owns 1,988,160 shares of the technology company’s stock worth $35,190,000 after buying an additional 725,164 shares during the period. Millennium Management LLC lifted its stake in KT by 4,148.2% in the first quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock valued at $9,401,000 after acquiring an additional 518,322 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of KT by 3.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,612,820 shares of the technology company’s stock valued at $187,954,000 after acquiring an additional 388,592 shares during the period. Jane Street Group LLC increased its stake in shares of KT by 107.9% during the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock worth $4,290,000 after purchasing an additional 125,702 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of KT by 39.8% during the 3rd quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock worth $5,474,000 after purchasing an additional 79,891 shares during the last quarter. Institutional investors and hedge funds own 18.86% of the company’s stock.

About KT

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.