Shares of KT Co. (NYSE:KT – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $18.55 and last traded at $18.51, with a volume of 63924 shares traded. The stock had previously closed at $18.28.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of KT from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 20th. UBS Group began coverage on KT in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group raised shares of KT from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd.
Get Our Latest Stock Report on KT
KT Price Performance
Institutional Investors Weigh In On KT
Hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its position in shares of KT by 18.8% in the third quarter. Sanctuary Advisors LLC now owns 49,578 shares of the technology company’s stock valued at $823,000 after acquiring an additional 7,858 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of KT by 74.9% during the third quarter. JPMorgan Chase & Co. now owns 107,294 shares of the technology company’s stock valued at $1,650,000 after acquiring an additional 45,941 shares in the last quarter. US Bancorp DE lifted its stake in KT by 5.2% in the fourth quarter. US Bancorp DE now owns 284,354 shares of the technology company’s stock worth $4,413,000 after acquiring an additional 13,992 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in KT in the third quarter valued at $779,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in KT during the 3rd quarter valued at $592,000. 18.86% of the stock is currently owned by institutional investors.
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.
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