Cetera Trust Company N.A Makes New Investment in KT Co. (NYSE:KT)

Cetera Trust Company N.A purchased a new stake in shares of KT Co. (NYSE:KT) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,975 shares of the technology company’s stock, valued at approximately $194,000.

Other institutional investors have also added to or reduced their stakes in the company. Qtron Investments LLC raised its stake in KT by 5.1% during the fourth quarter. Qtron Investments LLC now owns 13,514 shares of the technology company’s stock valued at $210,000 after purchasing an additional 652 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of KT by 174.8% during the 1st quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,447 shares during the last quarter. Ethic Inc. boosted its position in KT by 1.0% in the 4th quarter. Ethic Inc. now owns 155,873 shares of the technology company’s stock valued at $2,419,000 after buying an additional 1,479 shares during the period. Principal Securities Inc. lifted its holdings in shares of KT by 70.6% in the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after buying an additional 1,544 shares during the period. Finally, Signaturefd LLC increased its holdings in KT by 8.2% during the fourth quarter. Signaturefd LLC now owns 22,776 shares of the technology company’s stock valued at $353,000 after buying an additional 1,732 shares during the period. 18.86% of the stock is currently owned by institutional investors.

KT Stock Up 0.5%

KT stock opened at $19.75 on Monday. The stock has a 50-day simple moving average of $18.66 and a 200-day simple moving average of $17.59. KT Co. has a fifty-two week low of $13.11 and a fifty-two week high of $20.28. The company has a market capitalization of $10.19 billion, a P/E ratio of 11.10, a PEG ratio of 0.37 and a beta of 0.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KT shares. The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd. Wall Street Zen cut KT from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 20th. Finally, UBS Group started coverage on KT in a research note on Wednesday, February 19th. They set a “buy” rating on the stock.

KT Company Profile

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.