KT (NYSE:KT) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

KT Corporation (NYSE:KT)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.87 and traded as high as $21.68. KT shares last traded at $21.5950, with a volume of 1,647,679 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KT. Zacks Research upgraded KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c+)” rating on shares of KT in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

KT Price Performance

The stock has a fifty day moving average price of $21.56 and a 200-day moving average price of $19.87. The company has a market cap of $11.14 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.19 and a beta of 0.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.20.

KT (NYSE:KT) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter. The business had revenue of $4.74 billion during the quarter. KT had a return on equity of 5.20% and a net margin of 3.41%. On average, equities analysts expect that KT Corporation will post 0.73 earnings per share for the current year.

Institutional Trading of KT

A number of hedge funds have recently made changes to their positions in KT. Triumph Capital Management acquired a new position in KT in the 3rd quarter valued at approximately $47,000. Quantbot Technologies LP acquired a new stake in shares of KT during the 3rd quarter valued at $81,000. Westpac Banking Corp acquired a new stake in shares of KT during the 4th quarter valued at $157,000. SG Americas Securities LLC purchased a new position in shares of KT during the 4th quarter valued at $163,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of KT during the 3rd quarter valued at $198,000. 18.86% of the stock is owned by hedge funds and other institutional investors.

KT Company Profile

KT Corporation, listed on the New York Stock Exchange as an American depositary receipt under the symbol KT, is a major telecommunications and information technology provider headquartered in Seongnam, South Korea. The company’s services span traditional fixed-line voice communication, high-speed broadband internet access and mobile cellular networks. Leveraging an extensive fiber-optic and wireless infrastructure, KT delivers voice, data and multimedia solutions to both consumer and enterprise customers.

KT has been at the forefront of technological innovation in its home market, launching South Korea’s first commercial 5G network and expanding its offerings to include Internet of Things (IoT) platforms, cloud computing services and cybersecurity solutions.