KT (NYSE:KT) Sees Strong Trading Volume – Still a Buy?

Shares of KT Co. (NYSE:KT) saw unusually-strong trading volume on Thursday . Approximately 524,526 shares were traded during mid-day trading, a decline of 33% from the previous session’s volume of 781,217 shares.The stock last traded at $16.19 and had previously closed at $16.00.

Analyst Upgrades and Downgrades

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

KT Price Performance

The company has a market cap of $8.38 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.13 and a beta of 0.90. 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 business has a fifty day moving average price of $15.46 and a 200 day moving average price of $14.39.

KT (NYSE:KT) last released its quarterly earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a return on equity of 6.23% and a net margin of 4.50%. The firm had revenue of $4.77 billion for the quarter. As a group, research analysts anticipate that KT Co. will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On KT

Hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its holdings in shares of KT by 44.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,608,115 shares of the technology company’s stock worth $55,493,000 after purchasing an additional 1,101,669 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of KT by 9.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,061,368 shares of the technology company’s stock valued at $141,061,000 after buying an additional 829,682 shares during the period. Acadian Asset Management LLC grew its stake in KT by 245.7% in the second quarter. Acadian Asset Management LLC now owns 1,132,607 shares of the technology company’s stock worth $15,476,000 after purchasing an additional 804,986 shares during the period. National Bank of Canada FI purchased a new stake in KT in the third quarter worth $7,611,000. Finally, Natixis Advisors LLC grew its stake in KT by 383.2% in the second quarter. Natixis Advisors LLC now owns 171,515 shares of the technology company’s stock worth $2,345,000 after purchasing an additional 136,021 shares during the period. 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.