UBS Group Begins Coverage on KT (NYSE:KT)

Investment analysts at UBS Group started coverage on shares of KT (NYSE:KT) in a research note issued on Wednesday, Marketbeat reports. The firm set a “buy” rating on the technology company’s stock.

Separately, StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 12th.

KT Stock Performance

NYSE KT opened at $17.56 on Wednesday. KT has a fifty-two week low of $12.10 and a fifty-two week high of $18.45. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 0.36 and a beta of 0.95. The business has a fifty day moving average of $16.59 and a 200-day moving average of $15.86. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last released its quarterly earnings results on Tuesday, November 26th. The technology company reported $0.54 earnings per share for the quarter. KT had a return on equity of 6.20% and a net margin of 4.42%. As a group, analysts predict that KT will post 0.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KT

Hedge funds and other institutional investors have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in shares of KT in the fourth quarter valued at $36,000. Principal Securities Inc. grew its position in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,544 shares during the period. Venturi Wealth Management LLC grew its position in shares of KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after purchasing an additional 4,464 shares during the period. GAMMA Investing LLC grew its position in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after acquiring an additional 2,902 shares during the period. Finally, Global Retirement Partners LLC grew its position in KT by 58.2% during the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,667 shares during the period. 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.