KT (NYSE:KT) Reaches New 12-Month High - Here's Why

KT Co. (NYSE:KT - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $20.39 and last traded at $19.72, with a volume of 409 shares changing hands. The stock had previously closed at $19.66.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of KT in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Wall Street Zen lowered KT from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 20th. 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 firm has a 50-day moving average price of $18.62 and a 200 day moving average price of $17.54. The firm has a market capitalization of $10.11 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.37 and a beta of 0.68. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KT. Park Place Capital Corp lifted its position in shares of KT by 66.7% during the 1st quarter. Park Place Capital Corp now owns 2,047 shares of the technology company's stock worth $36,000 after purchasing an additional 819 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in KT by 174.8% during the first quarter. Farther Finance Advisors LLC now owns 2,275 shares of the technology company's stock worth $40,000 after purchasing an additional 1,447 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in KT by 143.2% during the first quarter. Bruce G. Allen Investments LLC now owns 2,371 shares of the technology company's stock worth $42,000 after purchasing an additional 1,396 shares during the last quarter. Principal Securities Inc. lifted its position in KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of KT by 1,901.0% in the 1st quarter. Brooklyn Investment Group now owns 4,122 shares of the technology company's stock valued at $73,000 after purchasing an additional 3,916 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

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.

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