KT (NYSE:KT) Reaches New 1-Year High - Should You Buy?

KT Co. (NYSE:KT - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.28 and last traded at $20.12, with a volume of 546808 shares. The stock had previously closed at $20.03.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KT shares. StockNews.com lowered KT from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 20th. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, UBS Group began coverage on shares of KT in a research note on Wednesday, February 19th. They issued a "buy" rating on the stock.

KT Price Performance

The firm has a market capitalization of $10.37 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 0.37 and a beta of 0.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The business has a 50 day simple moving average of $17.94 and a two-hundred day simple moving average of $16.98.

Institutional Investors Weigh In On KT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Qtron Investments LLC increased its holdings in shares of KT by 5.1% in the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock worth $210,000 after buying an additional 652 shares during the last quarter. Park Place Capital Corp increased its stake in KT by 66.7% in the first quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock valued at $36,000 after acquiring an additional 819 shares during the last quarter. GAMMA Investing LLC increased its stake in KT by 20.4% in the first quarter. GAMMA Investing LLC now owns 7,820 shares of the technology company's stock valued at $138,000 after acquiring an additional 1,323 shares during the last quarter. Blue Trust Inc. raised its position in KT by 9.2% during the first quarter. Blue Trust Inc. now owns 15,675 shares of the technology company's stock valued at $278,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC lifted its stake in KT by 9.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 15,919 shares of the technology company's stock worth $282,000 after purchasing an additional 1,362 shares during the last quarter. 18.86% of the stock is owned by hedge funds and other 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.

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