M&T Bank Corp Takes Position in KT Co. (NYSE:KT)

M&T Bank Corp acquired a new stake in KT Co. (NYSE:KT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,593 shares of the technology company’s stock, valued at approximately $211,000.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of KT by 3.9% during the 3rd quarter. Victory Capital Management Inc. now owns 88,822 shares of the technology company’s stock worth $1,366,000 after acquiring an additional 3,334 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of KT by 14.8% during the 3rd quarter. Natixis Advisors LLC now owns 196,935 shares of the technology company’s stock worth $3,029,000 after acquiring an additional 25,420 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of KT during the 3rd quarter worth approximately $368,000. Caprock Group LLC lifted its stake in shares of KT by 15.0% during the 3rd quarter. Caprock Group LLC now owns 83,771 shares of the technology company’s stock worth $1,304,000 after acquiring an additional 10,948 shares during the last quarter. Finally, West Family Investments Inc. lifted its stake in shares of KT by 45.3% during the 3rd quarter. West Family Investments Inc. now owns 20,186 shares of the technology company’s stock worth $310,000 after acquiring an additional 6,298 shares during the last quarter. 18.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KT has been the subject of a number of research analyst reports. StockNews.com lowered KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. UBS Group began coverage on KT in a report on Wednesday, February 19th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group upgraded KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

KT Trading Up 1.0 %

KT opened at $18.27 on Friday. The stock’s fifty day moving average is $17.12 and its two-hundred day moving average is $16.24. The company has a market capitalization of $9.42 billion, a P/E ratio of 10.26, a PEG ratio of 0.37 and a beta of 0.95. KT Co. has a 52 week low of $12.10 and a 52 week high of $18.45. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

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.