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

KT Co. (NYSE:KT - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $16.40 and last traded at $16.39, with a volume of 974854 shares trading hands. The stock had previously closed at $16.34.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KT. New Street Research raised KT to a "strong-buy" rating in a report on Monday, September 9th. StockNews.com raised KT from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 16th.

KT Stock Performance

The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 1.13 and a beta of 0.90. The firm has a fifty day moving average of $15.48 and a 200 day moving average of $14.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

KT (NYSE:KT - Get Free Report) last posted its earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. The firm had revenue of $4.77 billion for the quarter. On average, sell-side analysts anticipate that KT Co. will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of KT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC boosted its stake in shares of KT by 2.4% in the first quarter. Lazard Asset Management LLC now owns 3,556,193 shares of the technology company's stock worth $49,857,000 after acquiring an additional 84,760 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of KT by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company's stock worth $141,061,000 after acquiring an additional 829,682 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of KT in the third quarter worth approximately $691,000. Natixis Advisors LLC boosted its stake in shares of KT by 383.2% in the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company's stock worth $2,345,000 after acquiring an additional 136,021 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in shares of KT by 216.2% in the second quarter. Caprock Group LLC now owns 72,823 shares of the technology company's stock worth $1,009,000 after acquiring an additional 49,793 shares during the last quarter. 18.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

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