KT Corp. (KT) Sees Large Volume Increase
Shares of KT Corp. (NYSE:KT) saw unusually-high trading volume on Wednesday . Approximately 843,837 shares traded hands 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.
Separately, Zacks Investment Research cut KT Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. Two equities research 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 presently has a consensus rating of “Buy” and a consensus target price of $18.00.
The stock’s 50 day moving average is $15.44 and its 200 day moving average is $13.92. The firm has a market capitalization of $7.92 billion and a PE ratio of 21.94.
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