POSCO (ADR) (PKX) is Downgraded by Credit Agricole to Sell

POSCO (ADR) (PKX) was Downgraded by Credit Agricole to ” Sell”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Agricole advised their investors in a research report released on May 9, 2016.

Many Wall Street Analysts have commented on POSCO (ADR). POSCO (ADR) was Upgraded by JP Morgan to ” Overweight” on Apr 5, 2016.

POSCO (ADR) opened for trading at $46.5 and hit $47.86 on the upside on Friday, eventually ending the session at $47.57, with a gain of 1.11% or 0.52 points. The heightened volatility saw the trading volume jump to 3,22,318 shares. Company has a market cap of $15,222 M.

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. 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. The Company is engaged in businesses that complements its steel manufacturing operations as well as seeks out investment opportunities to diversify its businesses both vertically and horizontally.


Leave a Reply

POSCO (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on POSCO (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.