KT (NYSE:KT) Sets New 52-Week High – Should You Buy?

KT Co. (NYSE:KT)’s share price hit a new 52-week high on Friday . The stock traded as high as $16.40 and last traded at $16.39, with a volume of 974854 shares. The stock had previously closed at $16.34.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KT. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th. New Street Research raised KT to a “strong-buy” rating in a research note on Monday, September 9th.

KT Stock Up 1.6 %

The business’s 50 day simple moving average is $15.50 and its 200 day simple moving average is $14.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98. The company has a market capitalization of $8.56 billion, a PE ratio of 10.12, a P/E/G ratio of 1.20 and a beta of 0.90.

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

Institutional Trading of KT

A number of hedge funds and other institutional investors have recently modified their holdings of KT. Price T Rowe Associates Inc. MD boosted its stake 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 worth $141,061,000 after buying an additional 829,682 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of KT by 44.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after purchasing an additional 1,101,669 shares during the period. Sei Investments Co. increased its holdings in KT by 2.3% in the 2nd quarter. Sei Investments Co. now owns 1,519,693 shares of the technology company’s stock valued at $20,774,000 after purchasing an additional 34,164 shares during the last quarter. Acadian Asset Management LLC raised its position in KT by 245.7% in 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 purchasing an additional 804,986 shares during the period. Finally, FMR LLC lifted its stake in KT by 10.1% during the third quarter. FMR LLC now owns 711,072 shares of the technology company’s stock worth $10,936,000 after purchasing an additional 65,415 shares in the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

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.