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

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 traded. The stock had previously closed at $18.29.

Analysts Set New Price Targets

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

KT Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90. The stock’s fifty day moving average is $15.68 and its two-hundred day moving average is $14.56.

KT (NYSE:KT) last issued its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 earnings per share (EPS) for the quarter. KT had a net margin of 4.42% and a return on equity of 6.20%. The business had revenue of $4.77 billion during the quarter. Analysts forecast that KT Co. will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KT. EverSource Wealth Advisors LLC lifted its stake in KT by 41.9% during the first quarter. EverSource Wealth Advisors LLC now owns 4,278 shares of the technology company’s stock worth $60,000 after purchasing an additional 1,264 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of KT by 3,915.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 4,578 shares of the technology company’s stock valued at $70,000 after buying an additional 4,464 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in KT during the second quarter worth about $140,000. MML Investors Services LLC bought a new position in KT in the third quarter worth about $160,000. Finally, Private Advisor Group LLC acquired a new position in KT in the third quarter valued at approximately $164,000. 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.