KT (NYSE:KT) Stock Rating Upgraded by Wall Street Zen

KT (NYSE:KT) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

A number of other research firms have also issued reports on KT. Weiss Ratings reiterated a “hold (c+)” rating on shares of KT in a research note 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, KT currently has a consensus rating of “Hold”.

KT Stock Down 1.5%

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

Institutional Trading of KT

Several hedge funds and other institutional investors have recently bought and sold shares of KT. Lazard Asset Management LLC raised its stake in KT by 1.2% during the second quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock valued at $67,545,000 after buying an additional 37,744 shares in the last quarter. Millennium Management LLC grew its position in shares of KT by 4,148.2% in the 1st quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock worth $9,401,000 after acquiring an additional 518,322 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of KT by 39.8% in the 3rd quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock valued at $5,474,000 after acquiring an additional 79,891 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of KT by 107.9% in the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock valued at $4,290,000 after acquiring an additional 125,702 shares during the last quarter. Finally, DGS Capital Management LLC raised its position in shares of KT by 1.4% during the 4th quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock valued at $3,323,000 after acquiring an additional 2,400 shares in the last quarter. 18.86% of the stock is owned by institutional investors.

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.