KT Corp. (NYSE:KT) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.85 and last traded at $14.77, with a volume of 125,495 shares traded. The stock had previously closed at $14.64.

Several research firms have recently issued reports on KT. Zacks Investment Research downgraded shares of KT Corp. from a “hold” rating to a “sell” rating in a report on Thursday, March 24th. TheStreet upgraded shares of KT Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th. Finally, HSBC upgraded shares of KT Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. KT Corp. has a consensus rating of “Hold” and an average price target of $15.00.

The firm has a market cap of $7.24 billion and a price-to-earnings ratio of 17.60. The firm’s 50 day moving average is $14.24 and its 200 day moving average is $13.10.

A number of hedge funds and institutional investors have made changes to their positions in KT. Morgan Stanley boosted its position in shares of KT Corp. by 41.0% in the fourth quarter. Morgan Stanley now owns 2,304,813 shares of the company’s stock valued at $27,450,000 after buying an additional 670,754 shares during the last quarter. Standard Life Investments LTD boosted its stake in shares of KT Corp. by 139.3% in the fourth quarter. Standard Life Investments LTD now owns 1,398,072 shares of the company’s stock worth $16,644,000 after buying an additional 813,872 shares in the last quarter. GAM Holding AG boosted its stake in shares of KT Corp. by 6.0% in the fourth quarter. GAM Holding AG now owns 1,202,700 shares of the company’s stock worth $14,324,000 after buying an additional 68,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of KT Corp. by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,551 shares of the company’s stock worth $7,617,000 after buying an additional 8,559 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of KT Corp. by 6,739.3% in the fourth quarter. US Bancorp DE now owns 214,411 shares of the company’s stock worth $2,554,000 after buying an additional 211,276 shares in the last quarter.

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