KT (KT) Company Overview

On January 30, 2024, KT, LTH, and TWLO were added to the Zacks Rank #1 (Strong Buy) list of growth stocks.

On January 28, 2024, KT, LTH, and TWLO were added to the Zacks Rank #1 (Strong Buy) list of growth stocks.

Is KT Corp. (KT) a strong choice for momentum investors? Let's explore this question.

At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.

KT Corporation (NYSE:KT) will hold its Q2 2024 Results Conference Call on November 7, 2024, at 8:00 PM ET. The call will feature company representatives Young-Kyun Yoon, the Investor Relations Officer, and Min Jang, the Chief Financial Officer. Participants from various securities firms, including Hoi Jae Kim from Daishin Securities and Joon-Sop Kim from KB Securities, will also be present.

The quick expansion of 5G and strong wireless growth are expected to support the Zacks Wireless Non-US industry, even with some challenges in the short term. Companies like ORAN, SKM, and KT are in a good position to benefit from the increasing need for smooth connectivity solutions.

KT Corp. (KT) could see an increase in its stock price due to rising confidence in its earnings potential, as indicated by its upgrade to a Zacks Rank #1 (Strong Buy).

Is KT Corp. (KT) a strong choice for momentum investors? Let's explore this question.

KT Corporation provides a small dividend yield of 2%, but its payments can vary due to the exchange rate between the South Korean Won and the US Dollar. The stock is priced much lower than its book value, with a price/book ratio of 0.53, yet it competes strongly with SK Telecom and LG U-plus. As a mature company, KT has limited opportunities for growth, currently trading at a P/E ratio of 10.30, and only slight revenue growth is anticipated.