Shares of KT Corp. (NYSE:KT) reached a new 52-week high on Thursday . The company traded as high as $15.29 and last traded at $15.24, with a volume of 303,760 shares changing hands. The stock had previously closed at $15.17.

KT has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of KT Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. HSBC raised shares of KT Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. One investment 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 company currently has an average rating of “Hold” and an average price target of $15.00.

The company has a market cap of $7.47 billion and a price-to-earnings ratio of 18.21. The firm’s 50-day moving average is $14.37 and its 200 day moving average is $13.32.

Other large investors recently added to or reduced their stakes in the company. TD Asset Management Inc. boosted its stake 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 in the last quarter. Morgan Stanley increased 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 period. Standard Life Investments LTD increased 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 period. US Bancorp DE increased 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 period. Finally, Dimensional Fund Advisors LP increased 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 period.

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