Shares of Posco (NYSE:PKX) rose 4.7% during trading on Wednesday . The company traded as high as $49.49 and last traded at $48.88, with a volume of 387,334 shares traded. The stock had previously closed at $46.69.

PKX has been the topic of a number of research reports. Deutsche Bank AG downgraded shares of Posco from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. TheStreet upgraded shares of Posco from a “sell” rating to a “hold” rating in a report on Wednesday, March 16th. Credit Agricole SA downgraded shares of Posco from an “outperform” rating to a “sell” rating in a report on Monday, May 9th. JPMorgan Chase & Co. upgraded shares of Posco from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 5th. Finally, Zacks Investment Research upgraded shares of Posco from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Posco has a consensus rating of “Hold”.

The stock has a market cap of $15.62 billion and a price-to-earnings ratio of 113.67. The stock’s 50 day moving average price is $44.37 and its 200-day moving average price is $43.19.

Several large investors have recently made changes to their positions in PKX. New York State Common Retirement Fund boosted its stake in shares of Posco by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 237,204 shares of the company’s stock worth $8,388,000 after buying an additional 3,160 shares during the period. Deere & Co. raised its stake in shares of Posco by 20.2% in the fourth quarter. Deere & Co. now owns 29,024 shares of the company’s stock worth $1,026,000 after buying an additional 4,881 shares in the last quarter. Morgan Stanley raised its stake in shares of Posco by 7.2% in the fourth quarter. Morgan Stanley now owns 346,582 shares of the company’s stock worth $12,255,000 after buying an additional 23,138 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Posco by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,380,207 shares of the company’s stock worth $119,533,000 after buying an additional 21,812 shares in the last quarter.

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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