Somewhat Favorable Press Coverage Somewhat Unlikely to Affect POSCO (PKX) Stock Price
Media headlines about POSCO (NYSE:PKX) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. POSCO earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.268246012343 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities analysts recently weighed in on PKX shares. Zacks Investment Research cut shares of POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Standpoint Research cut shares of POSCO from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. CLSA raised shares of POSCO from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 20th. BidaskClub cut shares of POSCO from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, UBS AG raised shares of POSCO from a “neutral” rating to a “buy” rating in a research report on Thursday, July 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. POSCO has an average rating of “Buy”.
POSCO (PKX) opened at 69.90 on Friday. The stock has a market cap of $22.37 billion, a PE ratio of 12.43 and a beta of 1.11. The firm has a 50-day moving average of $72.22 and a 200 day moving average of $65.98. POSCO has a 12 month low of $49.37 and a 12 month high of $77.76.
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.
Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with Analyst Ratings Network's FREE daily email newsletter.