Shares of KT Corp. (NYSE:KT) dropped 1.5% during mid-day trading on Tuesday . The company traded as low as $16.08 and last traded at $16.09, with a volume of 752,354 shares. The stock had previously closed at $16.34.

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

The firm has a 50-day moving average price of $15.35 and a 200-day moving average price of $13.89. The firm has a market capitalization of $7.88 billion and a price-to-earnings ratio of 15.94.

A hedge fund recently raised its stake in KT Corp. stock. Schwab Charles Investment Management Inc. boosted its position in KT Corp. (NYSE:KT) by 16.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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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