Shares of Posco (NYSE:PKX) have been given a consensus rating of “Hold” by the eight brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company.

PKX has been the subject of several research reports. Macquarie upgraded shares of Posco from a “neutral” rating to an “outperform” rating in a research report on Thursday, July 21st. Zacks Investment Research upgraded shares of Posco from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. Credit Agricole SA downgraded shares of Posco from an “outperform” rating to an “underperform” rating in a research report on Tuesday, October 4th. Finally, Nomura downgraded shares of Posco from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 26th.

A number of institutional investors have recently made changes to their positions in PKX. ClariVest Asset Management LLC increased its position in shares of Posco by 1,813.2% in the second quarter. ClariVest Asset Management LLC now owns 130,100 shares of the company’s stock worth $5,790,000 after buying an additional 123,300 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Posco by 41.0% in the first quarter. Envestnet Asset Management Inc. now owns 56,941 shares of the company’s stock worth $2,695,000 after buying an additional 16,552 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Posco by 0.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 45,017 shares of the company’s stock worth $1,980,000 after buying an additional 317 shares during the period. Pzena Investment Management LLC boosted its position in Posco by 9.2% in the second quarter. Pzena Investment Management LLC now owns 18,900 shares of the company’s stock worth $841,000 after buying an additional 1,600 shares during the period. 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 6.01% of the company’s stock.

Shares of Posco (NYSE:PKX) traded down 0.08% during mid-day trading on Friday, hitting $53.10. 79,456 shares of the stock traded hands. Posco has a 12-month low of $30.97 and a 12-month high of $55.60. The firm’s 50 day moving average price is $52.35 and its 200 day moving average price is $48.63. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 79.88 and a beta of 1.08.

About Posco

POSCO is an integrated steel producer. The Company operates in four segments: steel, trading, engineering and construction, and others. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of POSCO Daewoo Corporation, exporting and importing a range of steel products that are both obtained from and supplied to it, as well as between other suppliers and purchasers in Korea and overseas.

5 Day Chart for NYSE:PKX

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