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

KT Co. (NYSE:KT - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock 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 Ratings Changes

A number of equities analysts have issued reports on KT shares. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. Wall Street Zen lowered shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 20th. Finally, UBS Group started coverage on shares of KT in a research report on Wednesday, February 19th. They set a "buy" rating for the company.

KT Stock Up 0.7%

The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.37 and a beta of 0.66. The business's 50 day moving average price is $18.71 and its 200 day moving average price is $17.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

Institutional Investors Weigh In On KT

A number of institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake in KT by 3.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,612,820 shares of the technology company's stock worth $187,954,000 after purchasing an additional 388,592 shares during the last quarter. Wellington Management Group LLP boosted its stake in KT by 2.0% during the 1st quarter. Wellington Management Group LLP now owns 10,115,990 shares of the technology company's stock worth $179,154,000 after purchasing an additional 198,909 shares during the last quarter. Capital International Investors purchased a new position in shares of KT during the 4th quarter worth $135,833,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of KT by 18.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 5,547,691 shares of the technology company's stock worth $98,250,000 after acquiring an additional 875,840 shares during the period. Finally, Ninety One UK Ltd raised its holdings in shares of KT by 28.3% during the 1st quarter. Ninety One UK Ltd now owns 4,890,767 shares of the technology company's stock worth $86,615,000 after acquiring an additional 1,079,860 shares during the period. Institutional investors and hedge funds 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.