Nomura upgraded shares of KT Corporation (NYSE:KT) from a neutral rating to a buy rating in a report published on Friday, MarketBeat Ratings reports.

Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of KT Corporation from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Wednesday, April 19th. BidaskClub raised shares of KT Corporation from a sell rating to a hold rating in a research report on Thursday, July 6th.

KT Corporation (KT) traded up 0.687% during midday trading on Friday, reaching $18.315. The company’s stock had a trading volume of 450,659 shares. The stock’s 50-day moving average price is $16.91 and its 200-day moving average price is $16.22. KT Corporation has a 12 month low of $13.43 and a 12 month high of $18.82. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 14.220 and a beta of 0.45.

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Several large investors have recently modified their holdings of the stock. Hexavest Inc. acquired a new stake in shares of KT Corporation during the second quarter valued at about $112,000. Parallel Advisors LLC increased its stake in shares of KT Corporation by 775.0% in the first quarter. Parallel Advisors LLC now owns 7,586 shares of the technology company’s stock valued at $123,000 after buying an additional 6,719 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of KT Corporation during the first quarter valued at about $170,000. Janney Montgomery Scott LLC acquired a new stake in shares of KT Corporation during the first quarter valued at about $171,000. Finally, Signaturefd LLC acquired a new stake in shares of KT Corporation during the first quarter valued at about $205,000. 23.71% of the stock is currently owned by institutional investors.

KT Corporation Company Profile

KT Corporation is a telecommunications service provider. The Company’s segments include the Customer/Marketing Group, the Finance Business Group and the Others Group. The Customer/Marketing Group segment is engaged in providing various telecommunication services to individual/home/corporate customers and the convergence business.

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