Barclays PLC Purchases Shares of 60,000 KT Co. (NYSE:KT)

Barclays PLC acquired a new position in shares of KT Co. (NYSE:KT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 60,000 shares of the technology company's stock, valued at approximately $931,000.

Several other hedge funds have also modified their holdings of the stock. R Squared Ltd acquired a new position in shares of KT in the 4th quarter valued at about $36,000. Principal Securities Inc. lifted its position in KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after buying an additional 1,544 shares in the last quarter. GAMMA Investing LLC grew 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 worth $101,000 after buying an additional 2,902 shares during the period. Global Retirement Partners LLC increased its position 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 acquiring an additional 2,667 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in shares of KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock valued at $124,000 after acquiring an additional 2,181 shares during the period. 18.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on KT. StockNews.com downgraded KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th. The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, UBS Group began coverage on KT in a research report on Wednesday, February 19th. They set a "buy" rating on the stock.

KT Price Performance

KT opened at $20.12 on Tuesday. KT Co. has a twelve month low of $12.84 and a twelve month high of $20.28. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 0.37 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $17.94 and a 200 day simple moving average of $16.98.

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.

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