POSCO (NYSE:PKX) Receiving Somewhat Positive Press Coverage, Report Shows
News stories about POSCO (NYSE:PKX) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. POSCO earned a news impact score of 0.25 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.3636750437773 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of POSCO (NYSE PKX) opened at 74.74 on Thursday. POSCO has a 1-year low of $47.45 and a 1-year high of $75.32. The stock’s 50 day moving average is $67.34 and its 200 day moving average is $62.24. The firm has a market capitalization of $23.92 billion, a P/E ratio of 14.72 and a beta of 1.13.
Several brokerages recently issued reports on PKX. UBS AG raised shares of POSCO from a “neutral” rating to a “buy” rating in a report on Thursday, July 6th. Standpoint Research lowered shares of POSCO from a “buy” rating to a “hold” rating in a report on Monday. CLSA raised shares of POSCO from an “underperform” rating to an “outperform” rating in a report on Thursday, July 20th. Finally, BidaskClub raised shares of POSCO from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $64.00.
POSCO is a Korea-based company principally engaged in the manufacture and distribution of steel products. The Company operates in four segments: steel, trading, 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.
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