POSCO (ADR) (PKX) was Downgraded by CLSA to ” Underperform”. Earlier the firm had a rating of “Outperform ” on the company shares. CLSA advised their investors in a research report released on Oct 4, 2016.
Many Wall Street Analysts have commented on POSCO (ADR). POSCO (ADR) was Upgraded by Macquarie to ” Outperform” on Jul 21, 2016.
POSCO (ADR) closed down -0.31 points or -0.60% at $51.08 with 2,94,421 shares getting traded on Friday. Post opening the session at $51.56, the shares hit an intraday low of $51.08 and an intraday high of $51.71 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.