KT Co. (NYSE:KT - Get Free Report)'s share price was up 3.5% on Thursday . The company traded as high as $17.96 and last traded at $17.91. Approximately 383,816 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,089,420 shares. The stock had previously closed at $17.31.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on KT. UBS Group began coverage on KT in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. The Goldman Sachs Group raised KT from a "neutral" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, StockNews.com downgraded KT from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 20th.
View Our Latest Stock Report on KT
KT Trading Down 1.8 %
The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The business's fifty day moving average is $17.50 and its 200-day moving average is $16.55. The stock has a market capitalization of $8.65 billion, a PE ratio of 9.42, a P/E/G ratio of 0.37 and a beta of 0.83.
Institutional Investors Weigh In On KT
A number of large investors have recently modified their holdings of the stock. R Squared Ltd purchased a new position in KT in the 4th quarter worth approximately $36,000. Principal Securities Inc. boosted its stake in shares of KT by 70.6% in the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,544 shares during the period. GAMMA Investing LLC grew its holdings in KT by 80.7% during the 4th quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company's stock valued at $101,000 after purchasing an additional 2,902 shares in the last quarter. Global Retirement Partners LLC increased its stake in KT by 58.2% during the 4th quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company's stock worth $113,000 after buying an additional 2,667 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in KT by 37.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company's stock worth $124,000 after buying an additional 2,181 shares in the last quarter. Institutional investors and hedge funds own 18.86% of the company's stock.
About KT
(
Get Free Report)
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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