KT (NYSE:KT) Reaches New 52-Week High - Time to Buy?

KT Co. (NYSE:KT - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $18.55 and last traded at $18.51, with a volume of 63924 shares changing hands. The stock had previously closed at $18.28.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KT shares. StockNews.com lowered shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th. UBS Group initiated coverage on shares of KT in a report on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group upgraded shares of KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd.

KT Price Performance

The company has a market cap of $9.17 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.37 and a beta of 0.95. The stock has a 50-day simple moving average of $17.33 and a 200 day simple moving average of $16.34. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04.

Institutional Investors Weigh In On KT

Several institutional investors have recently modified their holdings of the business. Qtron Investments LLC boosted its stake in KT by 5.1% during the 4th quarter. Qtron Investments LLC now owns 13,514 shares of the technology company's stock worth $210,000 after acquiring an additional 652 shares during the last quarter. Ethic Inc. raised its holdings in KT by 1.0% in the fourth quarter. Ethic Inc. now owns 155,873 shares of the technology company's stock worth $2,419,000 after purchasing an additional 1,479 shares during the period. Principal Securities Inc. boosted its position in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock worth $58,000 after purchasing an additional 1,544 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of KT by 3.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 46,524 shares of the technology company's stock valued at $722,000 after buying an additional 1,581 shares during the period. Finally, Signaturefd LLC increased its position in shares of KT by 8.2% in the 4th quarter. Signaturefd LLC now owns 22,776 shares of the technology company's stock valued at $353,000 after buying an additional 1,732 shares in the last quarter. Institutional investors and hedge funds own 18.86% of the company's stock.

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KT Company Profile

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.