KT (NYSE:KT) Upgraded to “Strong-Buy” 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 published on Saturday morning.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of KT in a report on Monday, December 29th. Zacks Research upgraded shares of KT from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

KT Price Performance

KT stock opened at $22.00 on Friday. KT has a 1-year low of $16.25 and a 1-year high of $24.58. The business has a 50-day moving average price of $21.22 and a 200 day moving average price of $19.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.24.

Hedge Funds Weigh In On KT

Several institutional investors and hedge funds have recently added to or reduced their stakes in KT. Triumph Capital Management purchased a new stake in shares of KT during the third quarter valued at about $47,000. First Horizon Advisors Inc. grew its position in shares of KT by 506.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,504 shares of the technology company’s stock worth $52,000 after buying an additional 2,091 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of KT in the 3rd quarter worth approximately $81,000. Westpac Banking Corp bought a new position in shares of KT during the 4th quarter worth approximately $157,000. Finally, SG Americas Securities LLC bought a new position in shares of KT during the 4th quarter worth approximately $163,000. Hedge funds and other institutional investors own 18.86% of the company’s stock.

KT Company Profile

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.