Posco (PKX) Stock Rating Lowered by Credit Agricole SA
Posco (NYSE:PKX) was downgraded by stock analysts at Credit Agricole SA from an “outperform” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday.
Several other research firms also recently commented on PKX. Zacks Investment Research downgraded shares of Posco from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Macquarie upgraded shares of Posco from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold”.
Shares of Posco (NYSE:PKX) opened at 51.06 on Tuesday. The firm’s 50-day moving average is $50.31 and its 200 day moving average is $48.00. Posco has a 12 month low of $30.97 and a 12 month high of $55.60. The stock has a market cap of $16.33 billion, a PE ratio of 74.62 and a beta of 1.15.
A number of large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Posco during the second quarter valued at $231,000. KCG Holdings Inc. purchased a new position in Posco during the second quarter worth $247,000. Princeton Alpha Management LP purchased a new position in Posco during the second quarter worth $250,000. Pacad Investment Ltd. purchased a new position in Posco during the second quarter worth $254,000. Finally, Advisors Asset Management Inc. boosted its position in Posco by 0.8% in the second quarter. Advisors Asset Management Inc. now owns 6,447 shares of the company’s stock worth $287,000 after buying an additional 49 shares during the period. Institutional investors own 6.09% of the company’s stock.
Posco Company Profile
POSCO is an integrated steel producer. The Company operates in four segments: steel segment, trading segment, construction segment and others segment. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of Daewoo International, exporting and importing a range of steel products that are both obtained from and supplied to POSCO, as well as between other suppliers and purchasers in Korea and overseas.
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