Profile
Sector:
Communication ServicesIndustry:
Telecom ServicesCountry:
South KoreaIPO:
26 May 1999Website:
http://www.kt.comNext earnings report:
07 February 2025Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 22 Nov 2024 23:40:00 GMTAnalysts recommendations
Institutional Ownership
KT Latest News
KT Corporation (NYSE:KT ) Q2 2024 Results Conference Call November 7, 2024 8:00 PM ET Company Participants Young-Kyun Yoon - IRO Min Jang - Chief Financial Officer Conference Call Participants Hoi Jae Kim - Daishin Securities Joon-Sop Kim - KB Securities Eun Jung Shin - DB Financial and Investment Securities Operator Good morning, and good evening. Thank you all for joining this conference call.
The fast-track 5G rollout and solid wireless traction should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. ORAN, SKM and KT are well-positioned to make the most of the demand for seamless connectivity solutions.
KT Corp. (KT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Does KT Corp. (KT) have what it takes to be a top stock pick for momentum investors? Let's find out.
KT Corporation offers a modest 2% dividend yield, with inconsistent payments influenced by the South Korean Won to US Dollar exchange rate. The stock trades at a significant discount to book value (0.53 price/book ratio), but faces intense competition from SK Telecom and LG U-plus. KT is a mature company with limited growth prospects, trading at a P/E ratio of 10.30, and narrow revenue growth is expected.
PPC, STRL and KT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 19, 2024.
The key positive factors for KT include favorable shareholder capital return expectations, the latest collaboration with Microsoft, and the improvement in the competitive dynamics for its telecommunications business. KT Corporation's valuations are undemanding as evidenced by its low-single digit forward EV/EBITDA multiple. I raise my rating for KT stock from a Hold to a Buy, following an analysis of the stock's valuation metrics and positive re-rating drivers.
The fast-track 5G rollout and solid wireless traction should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. TIMB, SKM and KT are well-positioned to make the most of the demand for seamless connectivity solutions.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
KT Corporation (KT) Q4 2023 Earnings Call Transcript
What type of business is KT?
KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services. It also provides media and content services, including IPTV, satellite TV, digital music, e-commerce, online advertising consulting, and web comics and novels services; and credit card processing and other financial services. In addition, the company offers information technology and network services, and satellite services; sells handsets and miscellaneous telecommunications equipment; develops and sells residential units and commercial real estate; and rents real estate properties. Further, it maintains public telephones; offers security, B2C and B2B, investment fund, software development and data processing, value added network, call center, system integration and maintenance, marketing, PCS distribution, truck transportation and trucking arrangement business, cloud system implementation, satellite communication network, installation and management, and data center development and related services. Additionally, the company is involved in the Internet banking ASP and security solutions, residential building development and supply, sports team management, technology business finance, and submarine cable construction and maintenance businesses. The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Seongnam-si, South Korea.
What sector is KT in?
KT is in the Communication Services sector
What industry is KT in?
KT is in the Telecom Services industry
What country is KT from?
KT is headquartered in South Korea
When did KT go public?
KT initial public offering (IPO) was on 26 May 1999
What is KT website?
https://www.kt.com
Is KT in the S&P 500?
No, KT is not included in the S&P 500 index
Is KT in the NASDAQ 100?
No, KT is not included in the NASDAQ 100 index
Is KT in the Dow Jones?
No, KT is not included in the Dow Jones index
When was KT the previous earnings report?
No data
When does KT earnings report?
The next expected earnings date for KT is 07 February 2025