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 changing hands. The stock had previously closed at $15.66.

Wall Street Analyst Weigh In

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

KT Trading Up 1.2 %

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

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

Hedge Funds Weigh In On KT

A number of hedge funds and other institutional investors have recently modified their holdings of KT. Sequoia Financial Advisors LLC boosted its position in shares of 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 acquiring an additional 968 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in KT during the first quarter valued at $179,000. Russell Investments Group Ltd. lifted its position in KT by 0.5% during the first quarter. Russell Investments Group Ltd. now owns 3,212,410 shares of the technology company’s stock valued at $45,038,000 after purchasing an additional 16,362 shares during the last quarter. Acadian Asset Management LLC lifted its position in KT by 62.0% during the first quarter. Acadian Asset Management LLC now owns 327,621 shares of the technology company’s stock valued at $4,592,000 after purchasing an additional 125,413 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position 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 purchasing an additional 133,570 shares during the last quarter. Institutional investors own 18.86% of the company’s stock.

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.