KT (NYSE:KT) Posts Quarterly Earnings Results

KT (NYSE:KT) released its quarterly earnings results on Wednesday. The technology company reported $999.00 EPS for the quarter, Zacks reports. KT had a net margin of 3.41% and a return on equity of 5.20%.

KT Trading Down 0.5%

KT stock opened at $22.64 on Thursday. KT has a 1-year low of $17.42 and a 1-year high of $24.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 0.20 and a beta of 0.64. The business has a 50 day simple moving average of $22.45 and a two-hundred day simple moving average of $20.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Triumph Capital Management bought a new position in shares of KT during the 3rd quarter valued at approximately $47,000. Quantbot Technologies LP bought a new position in shares of KT during the 3rd quarter valued at approximately $81,000. Arax Advisory Partners boosted its position in shares of KT by 512.7% during the 4th quarter. Arax Advisory Partners now owns 10,918 shares of the technology company’s stock valued at $207,000 after acquiring an additional 9,136 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of KT by 20,894.8% during the 1st quarter. NewEdge Advisors LLC now owns 20,365 shares of the technology company’s stock valued at $361,000 after acquiring an additional 20,268 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its position in KT by 105.6% in the fourth quarter. Arkadios Wealth Advisors now owns 20,853 shares of the technology company’s stock worth $396,000 after buying an additional 10,712 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

KT has been the subject of several research reports. Wall Street Zen lowered shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Weiss Ratings raised shares of KT from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, March 17th. Finally, Zacks Research raised shares of KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, KT currently has an average rating of “Moderate Buy”.

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.