KT (NYSE:KT) Reaches New 52-Week High – What’s Next?

KT Co. (NYSE:KT)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $18.45 and last traded at $18.29, with a volume of 130469 shares trading hands. The stock had previously closed at $18.29.

Analysts Set New Price Targets

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

KT Trading Down 0.9 %

The business’s fifty day simple moving average is $15.68 and its two-hundred day simple moving average is $14.56. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.34 and a beta of 0.90.

KT (NYSE:KT) last announced its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share for the quarter. The firm had revenue of $4.77 billion during the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. On average, equities analysts predict that KT Co. will post 0.85 EPS for the current year.

Institutional Investors Weigh In On KT

Several hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its position in 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 period. Venturi Wealth Management LLC raised its position in KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after acquiring an additional 4,464 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in KT in the second quarter valued at $140,000. MML Investors Services LLC purchased a new stake in shares of KT during the 3rd quarter worth $160,000. Finally, Private Advisor Group LLC acquired a new position in KT during the third quarter worth about $164,000. 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.