KT (NYSE:KT) Shares Gap Up - Should You Buy?

KT Co. (NYSE:KT - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $14.95, but opened at $15.86. KT shares last traded at $15.80, with a volume of 247,318 shares changing hands.

Analyst Ratings Changes

KT has been the subject of a number of analyst reports. New Street Research upgraded KT to a "strong-buy" rating in a research report on Monday, September 9th. StockNews.com lowered KT from a "strong-buy" rating to a "buy" rating in a report on Friday.

KT Trading Up 5.0 %

The company has a market cap of $8.10 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.95 and a beta of 0.90. The firm's fifty day moving average price is $15.42 and its 200-day moving average price is $14.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.01.

KT (NYSE:KT - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. The company had revenue of $4.77 billion for the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. On average, equities analysts expect that KT Co. will post 0.96 EPS for the current fiscal year.

Hedge Funds Weigh In On KT

Several hedge funds have recently modified their holdings of KT. Robeco Institutional Asset Management B.V. boosted its stake in shares of KT by 44.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company's stock valued at $55,493,000 after purchasing an additional 1,101,669 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in KT by 9.0% in the 1st 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. Acadian Asset Management LLC boosted its position in KT by 245.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company's stock valued at $15,476,000 after acquiring an additional 804,986 shares in the last quarter. Natixis Advisors LLC grew 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, O Shaughnessy Asset Management LLC lifted its stake in KT by 55.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 374,220 shares of the technology company's stock valued at $5,247,000 after acquiring an additional 133,570 shares during the period. Institutional investors own 18.86% of the company's stock.

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.