KT (NYSE:KT) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

KT Corporation (NYSE:KT)’s stock price passed 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 changing hands.

Wall Street Analyst Weigh In

KT has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Zacks Research upgraded KT from a “strong sell” rating to a “hold” rating in a report on Thursday, January 8th. Finally, Weiss Ratings raised KT from a “hold (c+)” rating to a “buy (b)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

KT Trading Down 1.1%

The stock’s fifty day simple moving average is $21.68 and its two-hundred day simple moving average is $19.90. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

KT (NYSE:KT) last released its quarterly earnings data 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%. Sell-side analysts forecast that KT Corporation will post 0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KT

Large investors have recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in shares of KT by 1.2% in the 2nd quarter. Lazard Asset Management LLC now owns 3,250,513 shares of the technology company’s stock valued at $67,545,000 after purchasing an additional 37,744 shares in the last quarter. Millennium Management LLC raised its holdings in KT by 4,148.2% in the first quarter. Millennium Management LLC now owns 530,817 shares of the technology company’s stock valued at $9,401,000 after buying an additional 518,322 shares during the period. Natixis Advisors LLC raised its holdings in KT by 39.8% in the third quarter. Natixis Advisors LLC now owns 280,713 shares of the technology company’s stock valued at $5,474,000 after buying an additional 79,891 shares during the period. Jane Street Group LLC lifted its position in 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 buying an additional 125,702 shares in the last quarter. Finally, DGS Capital Management LLC grew its stake in KT by 1.4% during the fourth quarter. DGS Capital Management LLC now owns 175,178 shares of the technology company’s stock worth $3,323,000 after buying an additional 2,400 shares during the period. 18.86% of the stock is currently 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.