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

KT Co. (NYSE:KT)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $16.02 and last traded at $16.02, with a volume of 350155 shares changing hands. The stock had previously closed at $15.69.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KT. New Street Research raised shares of KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com cut shares of KT from a “strong-buy” rating to a “buy” rating in a research report on Friday.

KT Trading Down 7.6 %

The firm has a market cap of $7.71 billion, a P/E ratio of 9.12, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. The business’s 50 day moving average is $15.42 and its 200-day moving average is $14.22. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35.

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 during the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. As a group, analysts forecast that KT Co. will post 1.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KT

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 1,264 shares during the period. Venturi Wealth Management LLC raised its holdings in KT by 3,915.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock worth $70,000 after buying an additional 4,464 shares during the period. Crewe Advisors LLC acquired a new stake in KT during the 1st quarter worth about $98,000. Envestnet Portfolio Solutions Inc. acquired a new stake in KT during the 2nd quarter worth about $140,000. Finally, Private Advisor Group LLC acquired a new stake in KT during the 3rd quarter worth about $164,000. 18.86% of the stock is currently owned by institutional investors.

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.