POSCO (ADR) (NYSE:PKX) has been upgraded to Buy in a statement by HSBC earlier today.
- Updated: November 28, 2016
HSBC has upgraded POSCO (ADR) (NYSE:PKX) to Buy in a statement released on Monday November 28, 2016.
Boasting a price of $53.83, POSCO (ADR) (NYSE:PKX) traded -3.53% lower on the day. With the last stock price close up 10.07% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. POSCO (ADR) has recorded a 50-day average of $52.91 and a two hundred day average of $48.90. Volume of trade was up over the average, with 536,048 shares of PKX changing hands over the typical 310,172
With a total market value of $0, POSCO (ADR) has price-earnings ratio of 25.56 with a one year low of $30.97 and a one year high of $56.26 .
A total of 2 equity analysts have released a research note on PKX. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, one equity analyst rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $59.30.
Brief Synopsis About POSCO (ADR) (NYSE:PKX)
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. The construction segment includes planning, designing and construction of industrial plants, civil engineering projects, and commercial and residential buildings, both in Korea and overseas. The others segment includes power generation, liquefied natural gas (LNG) logistics, and network and system integration. It produces approximately 42.0 million tons of crude steel, a portion of which is produced at Pohang Works and Gwangyang Works.
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