POSCO (PKX) Receiving Somewhat Favorable News Coverage, Report Shows
Media headlines about POSCO (NYSE:PKX) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. POSCO earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.5753939904416 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of POSCO (PKX) traded up 0.17% during midday trading on Tuesday, hitting $71.90. 195,052 shares of the stock were exchanged. POSCO has a 12-month low of $47.45 and a 12-month high of $76.04. The company has a market cap of $23.01 billion, a PE ratio of 14.16 and a beta of 1.13. The firm has a 50-day moving average price of $70.06 and a 200-day moving average price of $63.10.
Several research firms have issued reports on PKX. UBS AG upgraded shares of POSCO from a “neutral” rating to a “buy” rating in a research note on Thursday, July 6th. BidaskClub upgraded shares of POSCO from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. CLSA upgraded shares of POSCO from an “underperform” rating to an “outperform” rating in a research note on Thursday, July 20th. Finally, Standpoint Research downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. POSCO has an average rating of “Buy” and a consensus target price of $64.00.
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POSCO Company Profile
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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