KT (NYSE:KT) Shares Cross Above 200-Day Moving Average - What's Next?

KT Corporation (NYSE:KT - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.43 and traded as high as $21.58. KT shares last traded at $21.1950, with a volume of 621,999 shares.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KT. Wall Street Zen lowered shares of KT from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Weiss Ratings raised shares of KT from a "hold (c+)" rating to a "buy (b)" rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, KT currently has an average rating of "Moderate Buy".

KT Trading Up 1.1%

The stock has a market cap of $10.22 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 7.49 and a beta of 0.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.19. The company's 50-day moving average price is $22.01 and its 200 day moving average price is $20.43.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings results on Monday, April 13th. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $4.72 billion for the quarter, compared to analysts' expectations of $4.69 billion. KT had a net margin of 6.15% and a return on equity of 9.21%. On average, sell-side analysts forecast that KT Corporation will post 2.22 EPS for the current fiscal year.

Institutional Trading of KT

Several institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of KT by 1.2% during the 2nd quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company's stock valued at $67,545,000 after buying an additional 37,744 shares during the period. Millennium Management LLC increased its holdings in KT by 4,148.2% in the 1st quarter. Millennium Management LLC now owns 530,817 shares of the technology company's stock valued at $9,401,000 after purchasing an additional 518,322 shares during the last quarter. Natixis Advisors LLC increased its holdings in KT by 39.8% in the 3rd quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company's stock valued at $5,474,000 after purchasing an additional 79,891 shares during the last quarter. Jane Street Group LLC increased its holdings in KT by 107.9% in the 1st quarter. Jane Street Group LLC now owns 242,212 shares of the technology company's stock valued at $4,290,000 after purchasing an additional 125,702 shares during the last quarter. Finally, DGS Capital Management LLC increased its holdings in KT by 10.6% in the 1st quarter. DGS Capital Management LLC now owns 193,757 shares of the technology company's stock valued at $4,156,000 after purchasing an additional 18,579 shares during the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

About KT

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company's services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea's first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.