Korea Electric Power Corp. (NYSE:KEP) was upgraded by research analysts at Bank of America Corp. from an “underperform” rating to a “neutral” rating in a research report issued on Monday.

KEP has been the subject of a number of other research reports. Zacks Investment Research raised shares of Korea Electric Power Corp. from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Tuesday, October 25th. Citigroup Inc. lowered shares of Korea Electric Power Corp. from a “neutral” rating to a “sell” rating in a report on Thursday, November 3rd. Finally, HSBC lowered shares of Korea Electric Power Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.00.

Analyst Recommendations for Korea Electric Power Corp. (NYSE:KEP)

Korea Electric Power Corp. (NYSE:KEP) opened at 20.25 on Monday. The stock has a 50 day moving average of $21.81 and a 200-day moving average of $25.01. Korea Electric Power Corp. has a 12 month low of $19.52 and a 12 month high of $28.37. The stock has a market cap of $26.00 billion, a P/E ratio of 2.21 and a beta of 0.59.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Numeric Investors LLC raised its position in shares of Korea Electric Power Corp. by 68.4% in the second quarter. Numeric Investors LLC now owns 2,203,388 shares of the company’s stock valued at $57,134,000 after buying an additional 895,278 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Korea Electric Power Corp. during the second quarter valued at about $16,762,000. LSV Asset Management acquired a new stake in shares of Korea Electric Power Corp. during the second quarter valued at about $12,897,000. Bank of Montreal Can acquired a new stake in shares of Korea Electric Power Corp. during the second quarter valued at about $9,120,000. Finally, WBI Investments Inc. acquired a new stake in shares of Korea Electric Power Corp. during the second quarter valued at about $6,300,000. 4.63% of the stock is owned by institutional investors.

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Korea Electric Power Corp. Company Profile

Korea Electric Power Corporation (KEPCO) is an integrated electric utility company engaged in the transmission and distribution of electricity in the Republic of Korea. Its segments include transmission and distribution, nuclear power generation and thermal power generation and all others. The transmission and distribution segment, which is operated by KEPCO, comprise operations related to the transmission, distribution and sale to end-users of electricity purchased from its generation subsidiaries, as well as from independent power producers.

5 Day Chart for NYSE:KEP

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