KT (NYSE:KT) Hits New 12-Month High – Here’s What Happened

Shares of KT Co. (NYSE:KT) hit a new 52-week high during trading on Wednesday . The company traded as high as $15.99 and last traded at $15.94, with a volume of 156092 shares trading hands. The stock had previously closed at $15.66.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KT shares. New Street Research upgraded shares of KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, The Goldman Sachs Group cut shares of KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th.

KT Price Performance

The business’s 50-day simple moving average is $15.28 and its 200-day simple moving average is $14.06. The stock has a market cap of $8.17 billion, a PE ratio of 9.43, a PEG ratio of 0.75 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35.

KT (NYSE:KT) last released its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. The firm had revenue of $4.77 billion for the quarter. On average, research analysts expect that KT Co. will post 1.86 EPS for the current fiscal year.

Institutional Investors Weigh In On KT

Hedge funds have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. lifted its stake in shares of KT by 44.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after buying an additional 1,101,669 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in KT by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after buying an additional 829,682 shares during the last quarter. Acadian Asset Management LLC increased its holdings in KT by 245.7% during the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock valued at $15,476,000 after buying an additional 804,986 shares during the last quarter. Natixis Advisors LLC increased its holdings in KT by 383.2% during the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock valued at $2,345,000 after buying an additional 136,021 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in KT by 55.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company’s stock valued at $5,247,000 after buying an additional 133,570 shares during the last quarter. Institutional investors own 18.86% of the company’s 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.