KT (NYSE:KT) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, September 18th.

Separately, Morgan Stanley upgraded shares of KT from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.00.

KT stock traded up $0.19 during midday trading on Tuesday, hitting $13.87. 1,329,232 shares of the stock were exchanged, compared to its average volume of 905,026. KT has a fifty-two week low of $12.55 and a fifty-two week high of $16.12. The stock has a market cap of $7.28 billion, a P/E ratio of 15.76, a PEG ratio of 1.32 and a beta of 0.49. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.33.

Several hedge funds have recently made changes to their positions in the stock. Marathon Asset Management LLP lifted its stake in KT by 51.5% in the second quarter. Marathon Asset Management LLP now owns 3,766,667 shares of the technology company’s stock worth $50,021,000 after acquiring an additional 1,280,208 shares during the last quarter. Maple Brown Abbott Ltd purchased a new position in KT in the second quarter worth approximately $13,284,000. Russell Investments Group Ltd. lifted its stake in KT by 35.1% in the first quarter. Russell Investments Group Ltd. now owns 2,594,920 shares of the technology company’s stock worth $35,550,000 after acquiring an additional 674,291 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in KT in the first quarter worth approximately $6,406,000. Finally, Kiltearn Partners LLP lifted its stake in KT by 3.2% in the first quarter. Kiltearn Partners LLP now owns 10,726,059 shares of the technology company’s stock worth $143,836,000 after acquiring an additional 330,400 shares during the last quarter. Hedge funds and other institutional investors own 29.50% of the company’s stock.

KT Company Profile

KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.

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