KT Corp. (KT) Sees Strong Trading Volume
KT Corp. (NYSE:KT) shares saw unusually-high trading volume on Wednesday . Approximately 843,837 shares were traded during trading, an increase of 6% from the previous session’s volume of 792,409 shares.The stock last traded at $15.75 and had previously closed at $16.09.
KT has been the subject of a number of recent research reports. HSBC upgraded KT Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 27th. Zacks Investment Research lowered KT Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. KT Corp. presently has an average rating of “Buy” and an average price target of $18.00.
The firm’s 50-day moving average price is $15.35 and its 200-day moving average price is $13.89. The company has a market capitalization of $7.74 billion and a price-to-earnings ratio of 15.65.
An institutional investor recently raised its position in KT Corp. stock. Schwab Charles Investment Management Inc. increased its stake in shares of KT Corp. (NYSE:KT) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,266 shares of the company’s stock after buying an additional 16,629 shares during the period. Schwab Charles Investment Management Inc.’s holdings in KT Corp. were worth $1,409,000 at the end of the most recent reporting period.
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