KT (NYSE:KT) Sets New 1-Year High – Here’s What Happened

KT Co. (NYSE:KT) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $16.40 and last traded at $16.39, with a volume of 974854 shares changing hands. The stock had previously closed at $16.34.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com raised shares of KT from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 16th. New Street Research upgraded KT to a “strong-buy” rating in a research note on Monday, September 9th.

KT Stock Performance

The firm’s fifty day moving average price is $15.50 and its two-hundred day moving average price is $14.43. The stock has a market capitalization of $8.56 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 1.20 and a beta of 0.90. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

KT (NYSE:KT) last issued its quarterly earnings data on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. KT had a net margin of 4.50% and a return on equity of 6.23%. The business had revenue of $4.77 billion during the quarter. As a group, equities research analysts forecast that KT Co. will post 0.85 EPS for the current year.

Institutional Trading of KT

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in shares of KT by 9.0% during the 1st 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 in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of KT by 5.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 255,760 shares of the technology company’s stock valued at $3,586,000 after purchasing an additional 13,360 shares during the period. Boston Partners purchased a new stake in shares of KT during the first quarter worth about $1,330,000. EverSource Wealth Advisors LLC raised its position in shares of KT by 41.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Aprio Wealth Management LLC purchased a new position in KT in the 2nd quarter valued at about $151,000. 18.86% of the stock is owned by institutional investors and hedge funds.

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.