KT Corp. (KT) Sets New 52-Week High at $15.46
KT Corp. (NYSE:KT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.46 and last traded at $15.43, with a volume of 404,469 shares trading hands. The stock had previously closed at $15.31.
KT has been the subject of several research analyst reports. HSBC upgraded shares of KT Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Zacks Investment Research downgraded shares of KT Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.00.
The firm has a market capitalization of $7.61 billion and a price-to-earnings ratio of 15.69. The firm has a 50 day moving average of $14.55 and a 200 day moving average of $13.44.
Several institutional investors have bought and sold shares of the stock. 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. Dimensional Fund Advisors LP increased its stake 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. Finally, Morgan Stanley increased its stake 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.
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