Fmr LLC Has $10.94 Million Position in KT Co. (NYSE:KT)

FMR LLC raised its stake in shares of KT Co. (NYSE:KT - Free Report) by 10.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 711,072 shares of the technology company's stock after purchasing an additional 65,415 shares during the quarter. FMR LLC owned 0.14% of KT worth $10,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of KT. Sequoia Financial Advisors LLC grew its stake in KT by 6.7% during the second quarter. Sequoia Financial Advisors LLC now owns 35,750 shares of the technology company's stock worth $489,000 after buying an additional 2,256 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in KT during the 2nd quarter worth approximately $140,000. Blue Trust Inc. increased its holdings in KT by 286.1% during the 2nd quarter. Blue Trust Inc. now owns 25,728 shares of the technology company's stock valued at $361,000 after purchasing an additional 19,064 shares in the last quarter. Raymond James & Associates raised its position in KT by 5.6% in the 2nd quarter. Raymond James & Associates now owns 333,652 shares of the technology company's stock valued at $4,561,000 after purchasing an additional 17,782 shares during the last quarter. Finally, Legacy Capital Group California Inc. boosted its stake in KT by 7.0% in the second quarter. Legacy Capital Group California Inc. now owns 21,496 shares of the technology company's stock worth $294,000 after purchasing an additional 1,403 shares in the last quarter. 18.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of KT from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 16th. New Street Research upgraded KT to a "strong-buy" rating in a research report on Monday, September 9th.

KT Trading Up 1.7 %

Shares of KT stock traded up $0.26 on Thursday, reaching $16.01. The company had a trading volume of 2,904,610 shares, compared to its average volume of 956,175. The stock has a market cap of $8.26 billion, a PE ratio of 8.84, a PEG ratio of 1.20 and a beta of 0.93. The company has a 50-day moving average of $15.95 and a 200-day moving average of $14.78. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. KT Co. has a 12 month low of $12.10 and a 12 month high of $18.45.

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.