KT Corp. (NYSE:KT)’s share price reached a new 52-week high on Friday . The company traded as high as $14.93 and last traded at $14.84, with a volume of 291,286 shares. The stock had previously closed at $14.73.

Several research firms recently issued reports on KT. Zacks Investment Research lowered KT Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. TheStreet raised KT Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, March 30th. Finally, HSBC raised KT Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.00.

The stock’s 50 day moving average price is $14.27 and its 200-day moving average price is $13.18. The company has a market cap of $7.26 billion and a P/E ratio of 17.248.

A number of institutional investors have added to or reduced their stakes in KT. US Bancorp DE raised its position in KT Corp. by 6,739.3% in the fourth quarter. US Bancorp DE now owns 214,411 shares of the company’s stock valued at $2,554,000 after buying an additional 211,276 shares during the last quarter. Morgan Stanley raised its position in 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. Dimensional Fund Advisors LP raised its position in KT Corp. by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,551 shares of the company’s stock valued at $7,617,000 after buying an additional 8,559 shares during the last quarter. Standard Life Investments LTD raised its position in KT Corp. by 139.3% in the fourth quarter. Standard Life Investments LTD now owns 1,398,072 shares of the company’s stock valued at $16,644,000 after buying an additional 813,872 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in KT Corp. by 17.6% in the fourth quarter. TD Asset Management Inc. now owns 138,390 shares of the company’s stock valued at $1,648,000 after buying an additional 20,684 shares during the last quarter.

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