KT Corp. (NYSE:KT) reached a new 52-week high during trading on Tuesday . The company traded as high as $15.84 and last traded at $15.83, with a volume of 375,270 shares trading hands. The stock had previously closed at $15.59.

KT has been the topic of a number of research analyst reports. HSBC upgraded KT Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. Zacks Investment Research downgraded KT Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.00.

The stock’s 50 day moving average is $14.66 and its 200-day moving average is $13.52. The stock has a market cap of $7.74 billion and a PE ratio of 15.76.

Other institutional investors have recently added to or reduced their stakes in the company. 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 last quarter. 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 last quarter. Finally, 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 last quarter.

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