Shares of KT Corp. (NYSE:KT) hit 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 traded. The stock had previously closed at $15.59.

A number of brokerages have commented on KT. Zacks Investment Research raised KT Corp. from a “sell” rating to a “strong-buy” rating and set a $18.00 price target for the company in a research report on Wednesday, August 3rd. HSBC raised KT Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.00.

The company has a market capitalization of $7.89 billion and a price-to-earnings ratio of 16.07. The stock’s 50-day moving average is $14.77 and its 200 day moving average is $13.57.

Several hedge funds recently made changes to their positions in KT. US Bancorp DE boosted its stake in shares of 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 boosted its stake in shares of 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. Finally, Morgan Stanley boosted its stake 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 valued at $27,450,000 after buying an additional 670,754 shares during the last quarter.

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