Shares of KT Co. (NYSE:KT - Get Free Report) saw an uptick in trading volume on Thursday . 313,874 shares traded hands during mid-day trading, a decline of 68% from the previous session's volume of 970,633 shares.The stock last traded at $13.09 and had previously closed at $13.18.
Analysts Set New Price Targets
Separately, StockNews.com upgraded KT from a "buy" rating to a "strong-buy" rating in a report on Monday.
Check Out Our Latest Analysis on KT
KT Trading Down 0.8 %
The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.03 and a current ratio of 1.10. The firm has a 50 day simple moving average of $14.15 and a two-hundred day simple moving average of $13.29. The firm has a market capitalization of $6.70 billion, a P/E ratio of 8.44, a PEG ratio of 1.39 and a beta of 0.82.
KT (NYSE:KT - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.09 earnings per share for the quarter. KT had a return on equity of 5.28% and a net margin of 3.84%. The business had revenue of $5.08 billion for the quarter. Equities research analysts forecast that KT Co. will post 1.9 earnings per share for the current year.
Institutional Investors Weigh In On KT
A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in shares of KT by 7.1% during the 1st quarter. Bank of New York Mellon Corp now owns 13,213 shares of the technology company's stock worth $150,000 after purchasing an additional 878 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of KT by 2.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 31,133 shares of the technology company's stock worth $418,000 after purchasing an additional 886 shares during the period. CWM LLC increased its holdings in KT by 17.9% in the 3rd quarter. CWM LLC now owns 5,832 shares of the technology company's stock worth $75,000 after acquiring an additional 887 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in KT by 2.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,011 shares of the technology company's stock worth $618,000 after acquiring an additional 905 shares during the last quarter. Finally, Glassman Wealth Services increased its holdings in KT by 63.5% in the 4th quarter. Glassman Wealth Services now owns 2,346 shares of the technology company's stock worth $32,000 after acquiring an additional 911 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.
About KT
(
Get Free Report)
KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers 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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