KT (NYSE:KT) Hits New 1-Year High at $15.58

Shares of KT Co. (NYSE:KT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.58 and last traded at $15.51, with a volume of 69429 shares trading hands. The stock had previously closed at $14.97.

Analyst Ratings Changes

A number of research firms have recently commented on KT. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 23rd. The Goldman Sachs Group downgraded KT from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th.

KT Stock Down 1.0 %

The firm’s 50-day simple moving average is $14.02 and its 200-day simple moving average is $13.72. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 9.25, a price-to-earnings-growth ratio of 0.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.08.

Hedge Funds Weigh In On KT

Several institutional investors and hedge funds have recently added to or reduced their stakes in KT. PNC Financial Services Group Inc. raised its stake in shares of KT by 2.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company’s stock valued at $418,000 after buying an additional 886 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in KT by 2.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 46,011 shares of the technology company’s stock worth $618,000 after purchasing an additional 905 shares during the period. Sequoia Financial Advisors LLC lifted its stake in KT by 3.0% during the first quarter. Sequoia Financial Advisors LLC now owns 33,494 shares of the technology company’s stock worth $470,000 after purchasing an additional 968 shares during the period. Dimensional Fund Advisors LP boosted its holdings in KT by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 367,353 shares of the technology company’s stock valued at $5,021,000 after purchasing an additional 1,244 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of KT by 41.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,264 shares during the period. 18.86% of the stock is currently owned by institutional investors.

About 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.