KT (NYSE:KT) Sees Unusually-High Trading Volume

KT Corp (NYSE:KT) saw strong trading volume on Thursday . 3,672,018 shares changed hands during mid-day trading, an increase of 382% from the previous session’s volume of 762,420 shares.The stock last traded at $11.85 and had previously closed at $11.56.

Several equities analysts recently commented on the company. Macquarie downgraded KT from an “outperform” rating to a “neutral” rating in a research note on Monday, October 7th. Zacks Investment Research upgraded KT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. ValuEngine upgraded KT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, New Street Research upgraded KT from a “neutral” rating to a “buy” rating and set a $14.10 price objective on the stock in a research note on Friday, October 11th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.55.

The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $11.34 and a 200 day moving average of $11.69. The firm has a market cap of $5.62 billion, a PE ratio of 9.16, a P/E/G ratio of 0.88 and a beta of 0.39.

Institutional investors have recently bought and sold shares of the stock. Carroll Financial Associates Inc. lifted its stake in KT by 89.4% in the second quarter. Carroll Financial Associates Inc. now owns 2,091 shares of the technology company’s stock valued at $25,000 after purchasing an additional 987 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in KT by 42.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,835 shares of the technology company’s stock valued at $85,000 after purchasing an additional 2,048 shares during the last quarter. Corient Capital Partners LLC purchased a new position in KT in the second quarter valued at approximately $160,000. Fox Run Management L.L.C. purchased a new stake in shares of KT during the second quarter worth $166,000. Finally, HighTower Advisors LLC purchased a new stake in shares of KT during the second quarter worth $174,000. Institutional investors and hedge funds own 34.48% of the company’s stock.

KT Company Profile (NYSE:KT)

KT Corporation provides telecommunications services in Korea and internationally. The company offers local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol fixed-line telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services, including IPTV services; and data communication services, such as leased line and broadband Internet connection services to institutional customers.

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