KT (NYSE:KT) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

KT Corporation (NYSE:KT)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.99 and traded as high as $21.58. KT shares last traded at $21.1950, with a volume of 1,319,899 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings raised KT from a “hold (c+)” rating to a “buy (b)” rating in a report on Tuesday, March 17th. Wall Street Zen downgraded KT from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Finally, Zacks Research raised KT from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

KT Trading Down 1.6%

The firm’s 50-day simple moving average is $22.06 and its 200 day simple moving average is $19.99. The stock has a market cap of $10.22 billion, a P/E ratio of 15.14, a PEG ratio of 0.19 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.42.

KT (NYSE:KT) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share for the quarter. The company had revenue of $4.74 billion for the quarter. KT had a return on equity of 5.20% and a net margin of 3.41%. As a group, equities research analysts anticipate that KT Corporation will post 0.73 earnings per share for the current year.

Institutional Trading of KT

Several hedge funds have recently added to or reduced their stakes in KT. Lazard Asset Management LLC boosted its position in KT by 1.2% during the 2nd quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock worth $67,545,000 after acquiring an additional 37,744 shares during the period. Millennium Management LLC increased its holdings in shares of KT by 4,148.2% during the first quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock valued at $9,401,000 after purchasing an additional 518,322 shares during the period. Natixis Advisors LLC increased its holdings in shares of KT by 39.8% during the third quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock valued at $5,474,000 after purchasing an additional 79,891 shares during the period. Jane Street Group LLC raised its stake in shares of KT by 107.9% during the first quarter. Jane Street Group LLC now owns 242,212 shares of the technology company’s stock valued at $4,290,000 after purchasing an additional 125,702 shares in the last quarter. Finally, DGS Capital Management LLC raised its stake in shares of KT by 1.4% during the fourth quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock valued at $3,323,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors own 18.86% of the company’s stock.

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.