KT (KT, Financial), a leading South Korean telecommunications company, experienced a notable stock price increase of 5.03%. The stock is now trading at $18.29 per share, with a trading volume of 1.00216 million shares and a turnover rate of 0.20%. The stock's amplitude reached 3.22%.
Recent financial reports reveal KT's strong performance, with a revenue of $4.904 billion and a net profit of $263 million, translating to earnings per share of $0.54. The company's gross profit stood at $1.63 billion, with a price-to-earnings (P/E) ratio of 10.08. Notably, all 16 institutions participating in the stock's rating have given a buy recommendation, with no hold or sell suggestions.
Within the telecommunications services sector, the overall growth was 0.97%. KT, along with Anterix Inc. and Globalstar, showed significant gains. Meanwhile, Sunrise Communications Ag Ads Each Repr 1 Ord Class A, Cable One, Inc., and Liberty Broadband Corporation were active in terms of turnover rates at 0.90%, 0.53%, and 0.52% respectively. Stocks such as Youku Union, Globalstar, and Lumen Technologies, Inc. displayed substantial amplitude at 24.79%, 6.87%, and 5.88% respectively.
KT is Korea's largest fixed-line telecom operator, boasting approximately 11.7 million broadband users and 9.4 million IPTV subscribers. It ranks as the second-largest wireless operator with 25 million users. Besides telecommunications, KT is expanding in areas like real estate, payment processing, artificial intelligence, and IDC/cloud services, which are central to its growth strategy. The company, originally a government-owned monopoly, was listed in 1998 and has since diversified its operations.
