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

Shares of KT Corporation (NYSE:KT - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $20.46 and last traded at $20.42, with a volume of 104585 shares. The stock had previously closed at $19.99.

Wall Street Analyst Weigh In

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

KT Stock Up 0.0%

The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $10.19 billion, a P/E ratio of 26.70, a P/E/G ratio of 0.16 and a beta of 0.66. The business has a 50-day moving average price of $19.09 and a 200 day moving average price of $17.72.

Institutional Trading of KT

A number of institutional investors have recently bought and sold shares of KT. Savant Capital LLC bought a new stake in KT in the fourth quarter worth $182,000. Rhumbline Advisers lifted its position in KT by 57.4% in the fourth quarter. Rhumbline Advisers now owns 90,816 shares of the technology company's stock worth $1,409,000 after buying an additional 33,119 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 worth $58,000 after buying an additional 1,544 shares during the last quarter. Truist Financial Corp bought a new stake in KT in the fourth quarter worth $181,000. Finally, Global Retirement Partners LLC lifted its position in 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 buying an additional 2,667 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

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.