KT (NYSE:KT) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• KT stock crossed above its 200‑day moving average, trading as high as $21.50 and last at $21.41 versus a 200‑day MA of $20.06 on volume of about 1.58 million shares.
• Analyst sentiment is mixed but mildly positive: recent ratings include a downgrade from "strong‑buy" to "buy" and upgrades from "strong sell" to "hold," leaving an average MarketBeat rating of "Moderate Buy" (one Buy, one Hold noted).
• Company fundamentals are moderate: market cap ≈ $10.3B, PE ~15.3, PEG 0.19, last quarter EPS $0.63 on $4.74B revenue, and institutional ownership around 18.9%.

KT Corporation (NYSE:KT - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.06 and traded as high as $21.50. KT shares last traded at $21.41, with a volume of 1,582,503 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on KT shares. Wall Street Zen cut KT from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 21st. Zacks Research raised KT from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 8th. Finally, Weiss Ratings upgraded KT from a "hold (c+)" rating to a "buy (b)" rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy".

KT Price Performance

The stock has a 50 day simple moving average of $22.26 and a two-hundred day simple moving average of $20.06. The firm has a market cap of $10.32 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 0.19 and a beta of 0.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.20 and a current ratio of 1.24.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter. The business had revenue of $4.74 billion during the quarter. KT had a return on equity of 5.20% and a net margin of 3.41%. Sell-side analysts expect that KT Corporation will post 0.73 earnings per share for the current year.

Hedge Funds Weigh In On KT

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund purchased a new position in shares of KT in the 3rd quarter valued at about $1,526,000. Hosking Partners LLP purchased a new position in shares of KT in the 3rd quarter valued at about $675,000. Arkadios Wealth Advisors purchased a new position in shares of KT in the 3rd quarter valued at about $198,000. TD Private Client Wealth LLC increased its stake in shares of KT by 47.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 15,841 shares of the technology company's stock valued at $309,000 after purchasing an additional 5,073 shares in the last quarter. Finally, DGS Capital Management LLC increased its stake in shares of KT by 1.4% in the 4th quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company's stock valued at $3,323,000 after purchasing an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 18.86% of the company's stock.

KT Company Profile

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.

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