KT (NYSE:KT) Reaches New 52-Week High at $15.58

KT Co. (NYSE:KT) hit a new 52-week high during trading on Thursday . The company traded as high as $15.58 and last traded at $15.51, with a volume of 69429 shares. The stock had previously closed at $14.97.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KT. The Goldman Sachs Group lowered KT from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th. StockNews.com upgraded KT from a “buy” rating to a “strong-buy” rating in a report on Friday, August 23rd.

KT Stock Up 3.7 %

The business has a fifty day moving average of $13.95 and a 200 day moving average of $13.69. The firm has a market cap of $8.00 billion, a P/E ratio of 9.34, a P/E/G ratio of 0.70 and a beta of 0.91. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.35.

Institutional Investors Weigh In On KT

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in shares of KT during the second quarter worth about $525,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of KT by 4.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 267,860 shares of the technology company’s stock worth $3,662,000 after buying an additional 12,100 shares in the last quarter. Creative Planning boosted its position in KT by 36.2% during the second quarter. Creative Planning now owns 136,410 shares of the technology company’s stock valued at $1,865,000 after purchasing an additional 36,241 shares during the last quarter. Kathmere Capital Management LLC boosted its position in KT by 61.1% during the second quarter. Kathmere Capital Management LLC now owns 17,055 shares of the technology company’s stock valued at $233,000 after purchasing an additional 6,471 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in KT by 352.2% during the second quarter. Marshall Wace LLP now owns 118,045 shares of the technology company’s stock valued at $1,614,000 after purchasing an additional 91,940 shares during the last quarter. 18.86% of the stock is currently owned by institutional investors.

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.