KT - KT Corp.: Multiple Positives (Rating Upgrade)
2024-06-19 02:45:52 ET
Summary
- 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.
Elevator Pitch
I have a Buy investment rating for KT Corporation ( KT ) [030200:KS].
My earlier April 4, 2024 write-up touched on the favorable and unfavorable read-throughs from the latest events concerning KT....
KT Corp.: Multiple Positives (Rating Upgrade)