KT (NYSE:KT) Stock Price Up 3.5% – Here’s What Happened

KT Co. (NYSE:KT) shares traded up 3.5% during mid-day trading on Thursday . The company traded as high as $17.96 and last traded at $17.91. 383,816 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 1,089,420 shares. The stock had previously closed at $17.31.

Analyst Ratings Changes

A number of analysts have commented on KT shares. StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th. UBS Group assumed coverage on KT in a research report on Wednesday, February 19th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a research report on Monday, March 3rd.

KT Stock Performance

The company’s 50-day moving average price is $17.55 and its two-hundred day moving average price is $16.50. The company has a market cap of $9.22 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.37 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KT. R Squared Ltd bought a new stake in shares of KT during the 4th quarter worth $36,000. Principal Securities Inc. raised its holdings in KT by 70.6% during the 4th quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock worth $58,000 after buying an additional 1,544 shares during the period. GAMMA Investing LLC lifted its stake in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after buying an additional 2,902 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock worth $113,000 after buying an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC increased its position in shares of KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock worth $124,000 after acquiring an additional 2,181 shares in the last quarter. Institutional investors and hedge funds 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.