Zacks Investment Research upgraded POSCO (ADR) (NYSE:PKX) to Hold in a statement released earlier today.
- Updated: September 20, 2016
Having a price of $48.94, POSCO (ADR) (NYSE:PKX) traded 0.33% higher on the day. The last stock price is up 3.00% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same period. The company has been tracking to a 50-day average of $49.85 and two hundred day moving average of $47.58. 98,079 shares of the stock were exchanged, down from ann average trading volume of 305,417
Zacks Investment Research has upgraded POSCO (ADR)(NYSE:PKX) to Hold in a report released Tuesday September 20 2016.
In addition to Zacks Investment Research reporting it’s stock price target, a total of 2 brokers have issued a ratings update on the stock. The one year target is $59.30 with 0 rating the stock a strong buy, 0 rating the company a buy, one firm rating the stock a hold, one brokerage rating the stock to underperform, and finally 0 analysts rating the company as sell.
POSCO (ADR) has a 52 week low of $30.97 and a 52 week high of $55.60 with a price-earnings ratio of 74 and has a total market value of $0.0.
General Company Details For 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, and a portion of which is produced at Pohang Works and Gwangyang Works.
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