KT Corp. (NYSE:KT) shares hit a new 52-week high during trading on Friday . The company traded as high as $14.93 and last traded at $14.84, with a volume of 291,286 shares changing hands. The stock had previously closed at $14.73.

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

The stock has a 50-day moving average price of $14.29 and a 200 day moving average price of $13.20. The firm has a market cap of $7.26 billion and a PE ratio of 17.25.

Several hedge funds and institutional investors have modified their holdings of the stock. 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 worth $27,450,000 after buying an additional 670,754 shares in 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 worth $16,644,000 after buying an additional 813,872 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 worth $7,617,000 after buying an additional 8,559 shares during the last quarter. 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 worth $2,554,000 after buying an additional 211,276 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 worth $1,648,000 after buying an additional 20,684 shares during the last quarter.

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