KT (NYSE:KT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $15.00 price target on the technology company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.02% from the stock’s current price.
According to Zacks, “KT Corporation provides telecommunication services. Its services include mobile telecommunications services, telephone services, fixed-line and VoIP telephone services. The Company also provides interconnection services to other telecommunications companies, broadband Internet access services and other Internet-related services. It also offers information technology and network services, including consulting, designing, building, and maintaining of systems and communication networks. KT Corporation, formerly known as Korea Telecom Corp., is headquartered in Sungnam, South Korea. “
KT has been the subject of several other reports. Nomura raised shares of KT from a “reduce” rating to a “neutral” rating in a research note on Friday, December 7th. HSBC downgraded shares of KT from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. KT presently has a consensus rating of “Hold” and an average target price of $15.00.
Institutional investors have recently bought and sold shares of the business. We Are One Seven LLC bought a new stake in KT in the fourth quarter worth $25,000. Simplex Trading LLC purchased a new position in shares of KT in the fourth quarter valued at about $43,000. Advisors Preferred LLC purchased a new position in shares of KT in the fourth quarter valued at about $44,000. Atlas Capital Advisors LLC purchased a new position in shares of KT in the fourth quarter valued at about $48,000. Finally, Lindbrook Capital LLC purchased a new position in shares of KT in the fourth quarter valued at about $50,000. 31.92% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Float
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for KT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KT and related companies with MarketBeat.com's FREE daily email newsletter.