KT (NYSE:KT) Shares Up 3.5% – Here’s Why

KT Co. (NYSE:KT) shares traded up 3.5% during mid-day trading on Thursday . The company traded as high as $17.96 and last traded at $17.91. 383,816 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 1,089,420 shares. The stock had previously closed at $17.31.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com downgraded KT from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th. UBS Group initiated coverage on KT in a report on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group upgraded shares of KT from a “neutral” rating to a “buy” rating in a report on Monday, March 3rd.

KT Stock Performance

The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $9.22 billion, a PE ratio of 10.04, a PEG ratio of 0.37 and a beta of 0.95. The firm’s fifty day moving average price is $17.55 and its 200 day moving average price is $16.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KT. R Squared Ltd acquired a new stake in shares of KT during the 4th quarter valued at about $36,000. Principal Securities Inc. raised its position in KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,544 shares in the last quarter. GAMMA Investing LLC raised its position in KT by 80.7% during the fourth quarter. GAMMA Investing LLC now owns 6,497 shares of the technology company’s stock valued at $101,000 after acquiring an additional 2,902 shares in the last quarter. Global Retirement Partners LLC lifted its stake in KT by 58.2% in the fourth quarter. Global Retirement Partners LLC now owns 7,253 shares of the technology company’s stock valued at $113,000 after acquiring an additional 2,667 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in KT by 37.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,996 shares of the technology company’s stock worth $124,000 after acquiring an additional 2,181 shares in the last quarter. Hedge funds and other 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.