KT Corp. (KT) Sets New 12-Month High at $16.65
Shares of KT Corp. (NYSE:KT) reached a new 52-week high on Monday . The company traded as high as $16.65 and last traded at $16.59, with a volume of 241,779 shares traded. The stock had previously closed at $16.46.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of KT Corp. from a “sell” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, August 3rd. HSBC raised shares of KT Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, April 27th. Two equities research 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. KT Corp. has a consensus rating of “Buy” and a consensus price target of $18.00.
The company has a market cap of $8.10 billion and a price-to-earnings ratio of 16.56. The company has a 50-day moving average price of $14.89 and a 200 day moving average price of $13.62.
Several hedge funds recently added to or reduced their stakes in KT. Dimensional Fund Advisors LP boosted its stake in KT Corp. by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 639,551 shares of the company’s stock worth $7,617,000 after buying an additional 8,559 shares in the last quarter. US Bancorp DE boosted its stake in KT Corp. by 6,739.3% in the fourth quarter. US Bancorp DE now owns 214,411 shares of the company’s stock worth $2,554,000 after buying an additional 211,276 shares in the last quarter. Finally, Morgan Stanley boosted its stake in KT Corp. by 41.0% in the fourth quarter. Morgan Stanley now owns 2,304,813 shares of the company’s stock worth $27,450,000 after buying an additional 670,754 shares in the last quarter.
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