KT (NYSE:KT) Reaches New 12-Month High - Still a Buy?

KT Co. (NYSE:KT - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $15.99 and last traded at $15.94, with a volume of 156092 shares traded. The stock had previously closed at $15.66.

Analyst Ratings Changes

KT has been the topic of several research analyst reports. New Street Research raised KT to a "strong-buy" rating in a research report on Monday, September 9th. The Goldman Sachs Group cut KT from a "buy" rating to a "neutral" rating in a research note on Thursday, July 11th. Finally, StockNews.com raised shares of KT from a "buy" rating to a "strong-buy" rating in a report on Friday, August 23rd.

KT Stock Up 1.0 %

The stock has a 50-day moving average of $15.28 and a 200-day moving average of $14.06. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. The company has a market cap of $8.16 billion, a PE ratio of 9.53, a P/E/G ratio of 0.75 and a beta of 0.90.

KT (NYSE:KT - Get Free Report) last released its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. The business had revenue of $4.77 billion during the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. Sell-side analysts predict that KT Co. will post 1.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KT

Several institutional investors and hedge funds have recently made changes to their positions in KT. Robeco Institutional Asset Management B.V. boosted its holdings in KT by 44.0% in the third 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 acquiring an additional 1,101,669 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 purchasing an additional 829,682 shares during the period. Acadian Asset Management LLC lifted its position in KT by 245.7% during the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company's stock valued at $15,476,000 after buying an additional 804,986 shares during the period. Natixis Advisors LLC grew its position in shares of KT by 383.2% in the 2nd quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company's stock worth $2,345,000 after buying an additional 136,021 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position 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.

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.