KT (NYSE:KT) Reaches New 12-Month High – Should You Buy?

Shares of KT Co. (NYSE:KT) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $18.45 and last traded at $18.29, with a volume of 130469 shares changing hands. The stock had previously closed at $18.29.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KT shares. New Street Research raised KT to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com raised KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 16th.

KT Trading Down 0.8 %

The business has a 50 day simple moving average of $15.73 and a 200-day simple moving average of $14.60. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 0.98.

Institutional Investors Weigh In On KT

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in KT by 41.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock valued at $60,000 after buying an additional 1,264 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of KT by 3,915.8% in the third quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after purchasing an additional 4,464 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of KT in the second quarter worth $140,000. Aprio Wealth Management LLC acquired a new position in KT during the second quarter worth $151,000. Finally, MML Investors Services LLC bought a new position in KT in the third quarter valued at $160,000. 18.86% of the stock is currently owned by institutional investors and hedge funds.

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.